Unemployment rate in Brazil falls to 8.7%, lowest since 2015

The Brazilian unemployment rate fell to 8.7% in the 3rd quarter. This is the lowest percentage since the quarter from May to July 2015, when it recorded the same rate.

The IBGE (Brazilian Institute of Geography and Statistics) released the result this Thursday (Oct. 27).

The percentage of unemployed people fell 0.6 percentage points in relation to the second quarter of the year.

Compared with the same quarter in 2021, when it stood at 12.6%, the rate fell 3.9 percentage points.

The number of unemployed people fell to 9.5 million, the lowest level since the 4th quarter of 2015.

It fell 6.2% to the second quarter of this year, corresponding to 621,000 people.

There are 4 million fewer unemployed people in one year.

The data are part of the Continuous National Household Sample Survey (Pnad Contínua).

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