Brazil Unemployment Rate

Unemployment Rate in Brazil decreased to 5 percent in March of 2014 from 5.10 percent in February of 2014. Unemployment Rate in Brazil is reported by the Instituto Brasileiro de Geografia e Estatística (IBGE). Unemployment Rate in Brazil averaged 8.68 Percent from 2001 until 2014, reaching an all time high of 13.10 Percent in August of 2003 and a record low of 4.30 Percent in December of 2013. In Brazil, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Brazil Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.00 5.10 13.10 4.30 5.60 | 2014/04 2001 - 2014 Percent Monthly

TO

Brazil Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-30 11:00 AM Brazil
Unemployment rate
Dec 2013 4.3% 4.6% 4.6%
2014-02-20 12:00 PM Brazil
Unemployment Rate
Jan 2014 4.8% 4.3% 5.1% 4.6%
2014-03-27 12:00 PM Brazil
Unemployment Rate
Feb 2014 5.1% 4.8% 5.1% 4.9%
2014-04-17 01:00 PM Brazil
Unemployment Rate
Mar 2014 5.0% 5.1% 5.4% 5.6%
2014-05-22 01:00 PM Brazil
Unemployment Rate
Apr 2014 5.0% 5.6%
2014-06-26 01:00 PM Brazil
Unemployment Rate
May 2014 5.2%
[+]

Labour Last Previous Highest Lowest Forecast Unit
Population 193.94 2012-12-31 192.38 193.94 72.74 193.94 2013-12-31 Million [+]
Employed Persons 22.92 2014-03-15 22.98 23.46 14.36 22.97 2014-04-30 Million [+]
Labour Costs 159.15 2014-02-15 146.89 181.62 39.12 156.24 2014-03-31 Index Points [+]
Retirement Age Men 65.00 2014-01-01 65.00 65.00 65.00 2014-06-30 [+]
Retirement Age Women 60.00 2014-01-01 60.00 60.00 60.00 2014-06-30 [+]
Unemployed Persons 1.21 2014-03-15 1.24 2.82 1.06 1.24 2014-04-30 Million [+]
Wages 2114.59 2014-01-15 2457.22 2457.22 1293.72 2055.74 2014-02-28 BRL [+]
Unemployment Rate 5.00 2014-03-31 5.10 13.10 4.30 5.60 2014-04-30 Percent [+]
Minimum Wages 724.00 2014-03-15 724.00 724.00 0.00 724.81 2014-04-30 BRL [+]
[+]


Brazil Unemployment Rate Down to 5%

In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.

Unemployment dropped 11.6 percent over a year earlier to 1.2 million people, but showed no significant changes over February. Employment increased marginally over the previous month to 22.9 million. 

Average real wages at R$ 2026.6 increased 3 percent on a yearly basis, but were almost unchanged over February. Compared with the previous month, finance, insurance and real estate activities recorded the highest wage increase (2.6 percent), while in wholesale and retail trade wages fell the most by 2.2 percent. Year-on-year, earnings increased in all main sectors except for mining, water, electricity and gas production (-0.5 percent).

Regionally, São Salvador recorded the highest jobless rate (9.2 percent from 9 percent in February), followed by São Paulo (5.7 percent from 5.5 percent a month earlier) and Recife (5.5 percent versus 6.4 percent in January). In Rio de Janeiro, unemployment fell to 3.5 percent from 3.9 percent a month earlier. 

Joana Taborda | joana.taborda@tradingeconomics.com
4/17/2014 1:27:26 PM

RECENT RELEASES

Brazil Unemployment Rate Up to 4-Month High
In February of 2014, Brazilian jobless rate rose for the second straight month to 5.1 percent, up from 4.8 percent in the previous month. Despite the rise, it is the lowest-ever rate for any February month and compares with 5.6 percent a year earlier. Published on 2014-03-27

Brazil Unemployment Rate Rises in January
In January of 2014, Brazilian jobless rate rose for the first time in four months to 4.8 percent, up from a record low of 4.3 percent in December. A year earlier, the unemployment rate was recorded at 5.4 percent. Published on 2014-02-20


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


RELATED NEWS

Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Brazil Inflation Rate Up to 8-Month High  
In March of 2014, Brazilian annual consumer prices accelerated to 6.15 percent from 5.68 percent in the previous month. On a monthly basis, prices rose 0.92 percent as a severe drought raised food cost.
Brazil Raises Selic Rate to 11%  
At its April 2nd, 2014 meeting, the Central Bank of Brazil raised the benchmark interest rate by 25 bps to 11 percent, as widely expected, after a surge in food prices.
Brazil Posts Trade Surplus in March  
Brazilian trade balance turned into a USD 112 million surplus in March of 2014, following two straight monthly deficits, but still it was the lowest surplus for any March month in the last thirteen years.
Brazil Unemployment Rate Up to 4-Month High  
In February of 2014, Brazilian jobless rate rose for the second straight month to 5.1 percent, up from 4.8 percent in the previous month. Despite the rise, it is the lowest-ever rate for any February month and compares with 5.6 percent a year earlier.
Brazil Inflation Rate Rises Above Forecasts  
In February of 2014, Brazilian annual inflation rate accelerated to 5.68 percent from 5.59 percent in the previous month. On a monthly basis, prices rose to 0.69 percent due to higher housing rents and school fees.
Brazil Posts Trade Deficit for 2nd Straight Month  
In February of 2014, Brazilian trade balance turned into a USD 2.125 billion deficit, down from a USD 4.06 billion gap reported in the previous month but up 66 percent from February of 2013.
Brazil Returns to Growth in Q4  
In the fourth quarter of 2013, Brazilian GDP advanced 0.7 percent on a quarter-on-quarter seasonally adjusted basis, recovering from a 0.5 percent contraction in the previous period, boosted by the services sector.
Brazil GDP Growth Beats Expectations in Q4  
In the last three months of 2013, Brazilian economy advanced 1.9 percent over a year earlier, beating market expectations, but slowing from a 2.2 percent expansion in the previous quarter. Recession fears were allayed as the economy advanced 0.7 percent on a quarter basis.
Brazil Raises Interest Rate to 10.75%  
At its February 26th, 2014 meeting, Central Bank of Brazil decided to raise the benchmark interest rate for the second straight time by 25 bps to 10.75 percent, as widely expected.
MORE RELATED NEWS

LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News