City
Epaper

Unemployment in Brazil drops to 7-yr low

By IANS | Updated: June 1, 2022 06:10 IST

Rio De Janeiro, June 1 Unemployment in Brazil fell to 10.5 per cent in the February to April ...

Open in App

Rio De Janeiro, June 1 Unemployment in Brazil fell to 10.5 per cent in the February to April period, the lowest since 2015, the Brazilian Institute of Geography and Statistics (IBGE) said.

The figure means that 11.3 million people are out of work, according to the IBGE report on Tuesday.

The unemployment rate decreased 0.7 percentage points compared to the previous three months (November to January), when the rate was 11.2 per cent, and decreased 4.3 percentage points compared to the same period in 2020, Xinhua news agency reported.

Those figures mean that the number of jobless decreased by 699,000 people compared to the previous three months, and by 3.8 million people compared to the same period in 2021, said the report.

The number of employed persons reached 96.5 million, the highest figure since records began being kept in 2012, up 1.1 per cent (1.1 million people) from the previous three months and 10.3 per cent (9 million people) from a year ago.

The February-April figure shows that "we are experiencing the continuation of the process of a shrinking unemployment rate, which has been happening since the three-month period ending in July 2021," the IBGE said.

The informality rate stood at 40.1 per cent of the employed population in the three-month period, equivalent to 38.7 million people, according to the report.

Earnings in this period averaged 2,569 reals (nearly $545), which was stable compared to the previous three-month period, but 7.9 per cent lower compared to the same period in 2021.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: BrazilRio De JaneiroBrazilian institute of geography and statisticsIbgeInstitute of geography and statistics
Open in App

Related Stories

FootballARG 4-1 BRA, FIFA World Cup 2026 Qualifier: Messi-Less Argentina Thrash Brazil

InternationalWoman Tries to Kill Co-Worker by Poisoning Water Over Promotion Dispute in Brazil

MumbaiBrazilian Woman Arrested at Mumbai Airport for Smuggling Cocaine Worth Rs 11 Crore Inside Her Stomach

InternationalBrazil Plane Crash: Two Killed, Several Injured as Aircraft Crashes into Busy Street in São Paulo (VIDEO)

FootballMarcelo Retires at 36: Cristiano Ronaldo Sends Heartfelt Message to Former Real Madrid Teammate

Politics Realted Stories

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill

NationalParliament Passes Waqf Amendment Bill: Two JDU Leaders Resign Over Party's Support