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Brazil Unemployment Rate

Last Release
Aug 31, 2023
Actual
7.8
Units In
%
Previous
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 %2012-2023N/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.

Brazil Unemployment Rate History

Last 12 readings

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