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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 % | 2012-2023 | 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.
Brazil Unemployment Rate History
Last 12 readings