Unemployment in Brazil Drops to 12 Percent by End of June, Says IBGE
RIO DE JANEIRO, BRAZIL – The unemployment rate in Brazil stood at 12 percent in the quarter ending June 30, 2019, a reduction of 0.7 percentage points in relation to the previous quarter (January, February, and March), when the rate had stood at 12.7 percent.
There was also a drop in the under-use of labor resources. In the period ended this June, the under-use rate was 24.8 percent.
In the first quarter, this rate had reached 25 percent. Last year, in the quarter ending in June, the unemployment and under-use rates were 12.4 percent and 25.5 percent, respectively.
The data are from the Continuous National Household Sample Survey (Pnad), released on Wednesday, July 31st, in Rio de Janeiro, by the Brazilian Institute of Geography and Statistics (IBGE).
There are 12.8 million unemployed in the country and 28.4 million who work fewer hours than they could.
The median real income fell 1.3 percent, dropping from R$2,321 in the first quarter of the year to R$2,290 in the last measurement.
The number of people who gave up looking for work has remained at a record high of the labor force — 4.4 percent, which adds up to 4.9 million people.
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