Brazil Unemployment Rate Down to 4.6 Percent in December


The unemployment rate was estimated at 4.6 percent, the lowest in a month of December since the beginning of the series. The rate declined 0.3 percentage points from 4.9 percent in the previous month and 0.1 percentage points from 4.7 percent in December 2011.

The unemployed population in December 2012 (1.1 million persons) fell by 0.6 percent in comparison with the November figure (with decrease by 72 thousand persons) and remained stable versus December 2011. In 2012, the unemployed made up, on the average, 1.3 million persons, 6.1 percent less than in 2011 (1.4 million), which represented decrease by 88 thousand unemployed in one year. In a comparison with results of 2003 (2.6 million), the number of unemployed fell by 48.7 percent, that is, reduction affected 1.3 million persons in this period.

The employed population (23.4 million) remained stable in comparison with November and represented increase of 3.1 percent over December 2011. Considering the average of 2012, employed persons amounted to 23 million, being 2.2 percent and 24 percent above the figures recorded in 2011 (22.5 million) and 2003, respectively.
 
With this result, on the average of 12 months in 2012, the unemployment rate was 5.5%, also the lowest annual average, and below the 0.5 percentage points observed in 2011 (6.0 percent) and 6.9 percentage points below the average of 2003 (12.4 percent).

IBGE | Nuno Fontes | nuno@tradingeconomics.com
1/31/2013 11:10:12 AM