Brazil’s Unemployment rate falls to 11.6% in Q4 2018

The unemployment rate ended the last quarter of last year at 11.6%, according to data from the Brazilian Institute of Geography and Statistics (IBGE). The average unemployment rate in the year was 12.3%, down from 12.7% in 2017.

According to IBGE, the unemployed population in Brazil totals 12.2 million people, remaining stable in the quarter ended in December in comparison with the same period of the previous year. The numbers are part of the National Household Sample Survey (PNAD).

There were also improvements regarding the employed population. At the end of December, the rate of employed persons increased by 1% year-over-year to 93 million (+ 894,000 people employed).

The rate of the employed population between 2018 and 2017 increased by 1.3%, with almost 1.3 million people finding work.

 

Brazil Government

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