According to the Brazilian Institute of Geography and Statistics (IBGE), the unemployment rate was 7.1% in the March-May period. An improvement in the labor market in general has been observed in recent quarters.
He Unemployment in Brazil fell to 6.9% in the April-June quarter, the lowest rate for that period in ten years, according to official data released on Wednesday. According to the Brazilian Institute of Geography and Statistics (IBGE), the unemployment rate, calculated by moving quarters, had been 7.1% in the March-May period.
The statistics correspond to 7.5 million Brazilians looking for workin a country of 203 million inhabitants, according to IBGE. The figure of 6.9% represents a reduction of 1.1 percentage points compared to the April-June quarter of 2023 (8%).
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And it is the lowest value for that period of the year since 2014, when it was also 6.9%. The employed population reached a new historical record of 101.8 million people in the period April-June, according to the IBGE.
“The record numbers of employed population were not boosted only in this quarter, but are the result of a cumulative effect of an improvement in the labour market in general in recent quarters,” said Adriana Beringuy, coordinator of household surveys at IBGE, in a statement. Informal employment still affects 39.3 million workers in Brazil, equivalent to 38.6% of the employed population.
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The iThe average monthly income of employed persons in the quarter considered was 3,214 reales (US$569 at current exchange rate), an increase of 5.8% year-on-year, higher than the inflation variation (4.23% over 12 months in June). The continued improvement in the labour market figures is good news for the government of Luiz Inácio Lula da Silva, who promised to make combating unemployment a priority of his third term (2023-2026). The Executive foresees a 2.5% growth of the GDP this year.
Source: Ambito
