The unemployment rate remains stable in Brazil, reaching 8.4% of the active population. In absolute numbers, the unemployed in the quarter ended last January in Brazil were nine million.
The unemployment rate in Brazil remained stable in the quarter ended in January, reaching 8.4% of the active population, one tenth more than in the three previous months (8.3%), announced this Friday the Brazilian Institute of Geography and Statistics (IBGE).
The data reflect “a stability of the unemployed population and a drop in the number of workers,” according to a note from the agency responsible for Brazilian government statistics.
This slight recovery represents a change in trend in the labor market and also coincides with an economic slowdown that began to be noticed in the last quarter of 2022 in Brazil, when the country’s gross domestic product (GDP) fell by 0.2% compared to the previous three months.
The IBGE also stressed that stability would be the consequence of a “reduction in the demand for employment in November and December 2022 compared to the beginning of 2023“.
However, unemployment in Brazil fell compared to the moving quarter that ended in January 2022, when the index was 11.2% and was still in the recovery phase, after reaching 14.9% in 2021 due to the effects of the pandemic. of Covid-19.
In absolute numbers, the number of unemployed in the quarter that ended last January in Brazil was nine million people, which remained stable in relation to the August-October 2022 period, although it fell by 25.3% in the annual comparison.
The Brazilian employed population stood at 98.6 million people between November and January, 1% less than in the previous quarter.
The informality rate, that is, people who work without rights or employment contract, was 39% of the employed population, a percentage equivalent to 38.5 million informal workers, practically stable compared to the 39.1% registered between August and October 2022.
The drop in unemployment in Brazil should continue to slow down this year due to lower economic growth that, according to the financial market, will be less than 1% compared to the expansion of 2.9% registered by the largest electricity company in Latin America in 2022.
The unemployment rate is published monthly in Brazil, but the moving quarter with the months prior to the reporting period is considered as a reference.
Source: Observadora
