Unemployment in Brazil

Brazil Unemployment | Economic News & Forecasts

Brazil - Unemployment

GDP data confirmed that the recovery stuttered in the second quarter of the year, weighed on by economic disruptions from the truckers’ strike. Exports plunged due to transit disruptions, while household spending also slid in Q2, likely weighed on by deteriorating sentiment and a spike in inflation. More recent data for the third quarter continued to be downbeat, suggesting that a strong recovery has yet to materialize after the worst recession in the country’s modern history. Business and consumer confidence both fell in August amid a tense and uncertain political backdrop, and industrial production contracted in July. Moreover, the real plunged in recent weeks, boding poorly for inflationary pressures. Against a challenging economic backdrop, the country will head to the polls on 7 October in presidential and legislative elections. The battle for president remains crowded with a second-round vote nearly guaranteed. A centrist and reform-minded president is badly needed to navigate Brazil’s congress to pass tough reforms; however, Geraldo Alckmin, so far the most market-friendly candidate, is polling in fifth place.

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 Yield11.98-0.82 %Sep 20
Exchange Rate4.08-0.13 %Sep 20
Stock Market78,116-0.11 %Sep 20

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