Brazil’s unemployment rate averaged 7.8% in the three months leading to February of 2024, in line with market estimates, and rising from the 7.5% average in the moving quarter ending November of 2023. The figures still point to a tight labor market compared to levels since the post-2015 crisis, but underscored the trend of softening since the fourth quarter of 2023. The unemployed population rose by 332 thousand people to 8.5 million, while the employed population was relatively unchanged at 100.25 million. Still, average wages rose by 1.1% from the earlier moving quarter to R$ 3.110 thousand. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Unemployment Rate in Brazil increased to 7.80 percent in February from 7.60 percent in January of 2024. Unemployment Rate in Brazil averaged 10.18 percent from 2012 until 2024, 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 April of 2024.
Unemployment Rate in Brazil increased to 7.80 percent in February from 7.60 percent in January of 2024. Unemployment Rate in Brazil is expected to be 7.90 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 8.00 percent in 2025 and 7.90 percent in 2026, according to our econometric models.