The unemployment rate in Brazil increased to 14.6 percent in the three months to September 2020 from 13.3 percent in the April to June period but below market expectations of 14.9 percent. It was the highest jobless rate on record as the coronavirus pandemic hit the labour market. The number of unemployed jumped by 10.2 percent to an all-time high of 14.09 million and employment fell by 1.1 percent to 82.46 million. The labor force participation rate declined by 0.1 percentage points to 55.1 percent and the employment rate went down by 0.8 percentage points to 47.1 percent. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Unemployment Rate in Brazil averaged 10.06 percent from 2012 until 2020, reaching an all time high of 14.60 percent in September of 2020 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 December of 2020.
Unemployment Rate in Brazil is expected to be 14.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Brazil to stand at 13.60 in 12 months time. In the long-term, the Brazil Unemployment Rate is projected to trend around 13.20 percent in 2021 and 11.80 percent in 2022, according to our econometric models.