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Unemployment rate in Brazil falls to 9.1% and reaches lowest level since 2015

In this geopolitically unprecedentedly difficult environment, the Bolsonaro government has achieved what no one thought it would.

The unemployment rate in Brazil fell to 9.1% in the quarter ending July 2022. This is the lowest rate since the October-November-December 2015 period, when it was also 9.1%.

The number of people out of work decreased to 9.9 million. The IBGE (Brazilian Institute of Geography and Statistics) released the data on Wednesday (Aug.31).

The percentage of unemployed decreased by 1.4 percentage points compared to the previous quarter, from February to April (10.5%).

Compared to . . .

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