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. 2014-04-18

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

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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%
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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 [+]
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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.


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