Brazil: Number of unemployed people drops to 8.3% in October, the lowest level since 2015

Unemployment in Brazil maintained its downward trend and reached 8.3% in the quarter ended in October. It is the lowest number since April 2015 (8.1%). The data were released by the IBGE this Wednesday (30).

According to the IBGE, with a 0.8 percentage point decline in the unemployment rate compared to the previous 3 months, the number of professionals still outside the workforce is equivalent to 9 million people. This is the lowest volume since the quarter ended in December 2015.

The current number of unemployed people in Brazil represents a decrease of 8.7% compared to the quarter ended in July, equivalent to 860,000 less people in the situation. This is the lowest level since July 2015, according to the IBGE.

Since the beginning of the fall, which started in March 2021, the percentage of unemployed people in the Brazilian labor market has collapsed by 6.6 percentage points.

The drop in unemployment also reflects the 1% increase in the contingent of employed persons, which reached 99.7 million and renewed the record in the historical series, started in 2012.

For Adriana Beringuy, coordinator of the IBGE study, commemorative dates contribute to the result: “This moment of occupancy growth has been underway since the second half of 2021. With the approach of the last months of the year, a period in which historically there are increase in job creation, the trend is maintained”.

With information from Gazeta Brasil

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