Unemployment in Brazil
Brazil - UnemploymentUnderlying momentum should have slowed marginally in Q1 2022, before waning further in Q2. Average monthly economic activity in January and February was below that of Q4 2021. Similarly, industrial output and the manufacturing PMI in Q1 came in below the prior period’s levels. That said, the unemployment rate decreased to its lowest level since Q1 2016 in the quarter and annual wage growth was robust, which should have supported private spending. Turning to Q2, the prior gains to household consumption were likely dampened as monetary conditions were tightened further and inflation remained at levels not seen in decades in April. Furthermore, consumer sentiment remained downbeat in the month and the real has recently weakened markedly. On 1 May, an additional measure was deployed to boost the economy: Taxes on industrial products were cut by 35.0%, which will reduce government revenues.
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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May 10, 2022
Retail sales increased 1.0% month-on-month in seasonally-adjusted terms in March (February: +1.3% mom).
May 4, 2022
At its 3–4 May meeting, the Monetary Policy Committee (COPOM) of Brazil’s Central Bank (BCB) unanimously decided to raise the benchmark SELIC interest rate by a further 100 basis points—as was largely expected by markets—bringing it to 12.75%.
May 3, 2022
Industrial production increased 0.3% month-on-month in seasonally-adjusted terms in March (February: +0.7% s.a.
May 2, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 51.8 in April, down from March's 52.3.
May 2, 2022
Economic activity increased 0.3% in month-on-month seasonally-adjusted terms in February, which contrasted January's 0.7% decrease.