The unemployment rate in Brazil stood at 11.1% in the three months to March of 2022, unchanged from the previous period and below market forecasts of 11.4%. It was the lowest jobless rate a quarter ending in March since 2016 when it was also 11.1%. The unemployed population remained primarily stable at 11.9 million persons, while the number of employed dropped by 472 thousand persons to 95.3 million. Among sectors, the bulk of job gains came from general industry (+931 thousand), followed by construction (+814 thousand) and trade, repair of motor vehicles and motorcycles (+2 million). Meanwhile, the employment rate came at 55.2%. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Unemployment Rate in Brazil averaged 10.52 percent from 2012 until 2022, reaching an all time high of 14.70 percent in March of 2021 and a record low of 6.20 percent in December of 2013. This page provides the latest reported value for - Brazil Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
Unemployment Rate in Brazil is expected to be 12.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Unemployment Rate is projected to trend around 11.00 percent in 2023, according to our econometric models.