Unemployment in Brazil

Brazil Unemployment | Economic News & Forecasts

Brazil - Unemployment

Incoming data suggests Brazil’s economic recovery continued in the fourth quarter, after growth jumped in the third quarter. Returning confidence in the economy is expected to have buttressed momentum, with business and consumer sentiment edging up in December. In addition, the three-month rolling unemployment rate fell to an over two-year low in November, boding well for household consumption, and export growth accelerated in Q4. Jair Bolsonaro was sworn in as president on 1 January, taking the reins of Brazil’s economy. The government is expected to focus on cutting Brazil’s bloated fiscal accounts as its first major priority, with critical social security reform likely to be presented in the coming days. However, conflicting media statements by members of the government are generating confusion over how bold the measures will be. The country is expected to have recorded a sizable 7.1% of GDP fiscal deficit last year.

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

Bond Yield9.25-0.82 %Jan 16
Exchange Rate3.74-0.13 %Jan 16
Stock Market94,393-0.40 %Jan 16

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