Brazil Unemployment Rate

Last Release

Aug 31, 2023

Actual

7.8

Units In

7.9

Frequency

Monthly

Next Release

Oct 31, 2023

Time to Release

1 Months 0 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
14.7 Mar 2021	6.2 Dec 2013	10.3 %	2012-2023	N/A

In Brazil, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Latest Updates

The unemployment rate in Brazil averaged 7.8% in the three months leading to August of 2023, in line with market expectations to mark the lowest level since 2015. The result marked a sharp decline from the 8.3% in the moving quarter ending in May, underscoring tightness in the Brazilian labor market despite the central bank’s elevated real interest rates.