RIO DE JANEIRO, BRAZIL – The Getúlio Vargas Foundation (FGV) released yesterday, July 9th, two indicators concerning the labor market, collected in June. The Previous Employment Indicator (IAEMP) rose 0.8 points and now records 86.6 points. The index registered growth in June after having retreated in the previous four months.
The Coincident Unemployment Indicator (ICD) fell 1.1 points in the same period, to 94.6 points, after recording growth in the previous three months. The DCI is an indicator with a similar pattern to the unemployment rate, i.e., the smaller the figure, the better the result. IAEMP is a combination of results from Industry, Services, and Consumer surveys and shows the course of the labor market in Brazil.
The ICD is based on four salary income ranges. In June, the income class that most contributed to the decrease in the DCI was that of consumers with monthly family income between R$2,100 (US$525) and R$4,800 (US$1,200).