Unemployment in Brazil
Brazil - UnemploymentAfter the economy shrank slightly in sequential terms in Q2, available data for Q3 paints a mixed picture. While overall activity grew at a robust rate in July, the economy appears to be operating at two different speeds. Externally, exports have been supported by rising commodity prices and strong foreign demand. However, domestically, industrial production shrank in July–August and retail sales tumbled at the fastest pace in eight months in August amid declining consumer confidence, likely pointing to muted household spending in the quarter. Moreover, business confidence fell throughout the quarter, likely reflecting concerns around the political situation: While President Bolsonaro has toned down his anti-democratic rhetoric in recent weeks, tensions remain high ahead of next year’s general elections.
Brazil - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Brazil Unemployment Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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October 13, 2021
The Brazilian real tumbled against the U.S. dollar in recent weeks, hitting an over five-month low in early October.
October 8, 2021
Consumer prices rose a seasonally-adjusted 1.16% over the previous month in September, coming in above the 0.87% rise seen in August.
October 6, 2021
Retail sales decreased 3.1% in month-on-month seasonally-adjusted terms in August, contrasting July’s 2.7% increase.
October 5, 2021
Industrial output decreased 0.7% month-on-month in seasonally-adjusted terms in August (July: -1.2% mom).
October 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) rose to 54.4 in September, up from 53.6 in August.