Unemployment in Brazil

Brazil Unemployment | Economic News & Forecasts

Brazil - Unemployment

After GDP plunged at a record pace in Q2, the economy likely rebounded in Q3. Activity in the goods sector seemingly bounced back, with industrial production growing strongly in the quarter and retail sales climbing in July–August, bolstered by the emergency pandemic payments. Moreover, the manufacturing PMI remained firmly in expansionary territory in Q3, while confidence in the industrial sector rebounded in September. Turning to Q4, incoming data paints a mixed picture. Both the manufacturing PMI and business confidence hit new record highs in October, boding well for investment. However, consumer sentiment turned more pessimistic in the same month, hinting that the recovery could be losing momentum. In other news, on 3 November, the Senate passed the central bank autonomy bill, which would limit political interference in monetary policy. The bill still requires approval from the lower house of Congress, however.

Brazil - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate8.5  11.5  12.7  12.3  11.9  

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Brazil Unemployment Chart

Brazil Unemployment
Note: Unemployment in % of active population.
Source: Brazil Institute of Geography and Statistics.

Brazil Facts

Value Change Date
Bond Yield6.79-0.82 %Dec 31
Exchange Rate4.02-0.13 %Jan 01

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