Brazil records the sharpest drop in unemployment in one year among 40 countries

According to a survey conducted by the risk rating agency Austin Rating, Brazil has recorded the sharpest decline in the unemployment rate in one year among 40 countries.

The indicator fell from 13.1% in August 2021 to 8.9% in the same period this year, a decrease of 4.2 percentage points.

The country’s unemployment rate began to decline in the last half of last year, reaching 8.9% in the quarter that ended in August.

The percentage is the lowest since July 2015, according to the Brazilian Institute of Geography and Statistics (IBGE).

Despite the decrease, the number of professionals still not in the labor force stands at 9.7 million people, the lowest level since November 2015.

The contingent of people filled was 99 million, again surpassing the record in the historical series that began in 2012.

THE DECLINE IN THE UNEMPLOYMENT RATE

The difference between August 2021 and August 2022 (in percentage points).

Germany – 0.5
Australia – 1.1
Austria – 0.7
Belgium – 0.5
Brazil – 4.2
Canada – 1.7
Chile – 0.3
China – -0.2
Colombia – 2.5
South Korea – 0.6
Costa Rica – 3.4
Denmark – 0.7
Slovakia – 0.7
Slovenia – 0.4
Spain – 2.2
United States – 1.5
Estonia – 0
Finland – -0.2
France – 0.5
Greece – 1.5
Netherlands – 0.4
Hungary – 0.5
India – 0.0
Ireland – 1.2
Iceland – 0.7
Israel – 1.5
Italy – 1.3
Japan – 0.3
Latvia – 0.9
Lithuania – 1.5
Luxembourg – 0.6
Mexico – 0.7
Norway – 0.5
Poland – 0.6
Portugal – 0.3
United Kingdom – – 0.3
Czech Republic – 0.4
Russia – 0.6
Sweden – 2
Switzerland – 0.7
Turkey – –

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