Unemployment in Brazil

Brazil Unemployment | Economic News & Forecasts

Brazil - Unemployment

The economy is expected to have disappointed again in the first quarter, after a feeble end to 2018. Economic activity, a GDP proxy, dropped in both January and February—raising the risk that GDP growth stumbled in Q1. Industrial output fell at the fastest pace in over two years, in part due to halts in iron ore production. More broadly, a less favorable external environment is also dampening activity and exports fell in Q1. Monthly data for Q2 is also soft: Consumer confidence and the manufacturing PMI slid in April. Against this backdrop, the government is under increasing pressure to move quickly with reforms. The critical pension reform made it through an initial first vote at the end of April; however, it still needs to clear multiple hurdles, including a special committee and votes in both houses of parliament. On 30 April, the government announced some minor measures aimed at reducing bureaucracy.

Brazil - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate7.1  6.8  8.5  11.5  12.7  

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Brazil Unemployment Chart


Brazil Unemployment
Note: Unemployment in % of active population.
Source: Brazil Institute of Geography and Statistics.

Brazil Facts

ValueChangeDate
Bond Yield8.90-0.82 %May 13
Exchange Rate3.99-0.13 %May 13
Stock Market91,727-0.11 %May 13

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