Unemployment in Brazil
Brazil - UnemploymentGrowth picked up somewhat in Q1 according to recent data, underpinned by a strong positive contribution from the external sector, as exports of goods and services rose sharply. In contrast, private consumption growth was unchanged from Q4, while government consumption growth slowed and fixed investment contracted at the fastest pace since Q2 2021. Investment was likely restrained by higher interest rates and inflation, and political uncertainty ahead of the October general elections. Turning to Q2, available data suggests the economy continues to expand amid fiscal support and as the impact of the pandemic fades, with the manufacturing and services PMIs averaging higher in April–May relative to Q1, and the unemployment rate falling to a fresh multi-year low in April. That said, tighter monetary conditions and double-digit inflation will likely be weighing on activity somewhat.
Brazil - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Brazil Unemployment Chart
Source: Brazil Institute of Geography and Statistics.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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September 2, 2022
Industrial output increased 0.6% month-on-month in seasonally-adjusted terms in July (June: -0.3% mom).
August 25, 2022
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) came in at 83.6 in August, up from July's 79.5.
August 15, 2022
Economic activity expanded 0.7% in month-on-month seasonally-adjusted terms in June, which contrasted May's 0.3% decrease.
August 10, 2022
Retail sales dropped 1.4% in month-on-month seasonally-adjusted terms in June, which was a larger contraction than May's 0.4% decrease.
August 9, 2022
Consumer prices fell a seasonally-adjusted 0.68% over the previous month in July, contrasting the 0.67% rise seen in June.