The mass of wages in circulation in the economy increased by BRL 24.045 billion in the period of one year, to BRL 266.731 billion, an increase of 9.9% in the quarter ended in September 2022 compared to the quarter ended in September 2021. data are from the Continuous National Household Sample Survey (Pnad Contínua) of the Brazilian Institute of Geography and Statistics (IBGE).
In comparison with the quarter ended in June, the mass of real income rose 4.8% in the quarter ended in September, with R$ 12.194 billion more.
The average income of employed workers had a real increase of 3.7% compared to the quarter through June, R$97 more, to R$2,737.
In relation to the quarter ended in September of last year, the average real income of all employed workers rose 2.5%, R$67 more.
According to the IBGE, the growth in real average income is related to the deflation registered in recent months, which provides real gains.
According to Adriana Beringuy, coordinator of Work and Income at the IBGE, nominal income was already growing in 2022, while the real registered a fall. When there was a retraction in inflation, there was an increase in real income.
“The reversal is closely related to the trajectory of inflation. We were already registering gains in nominal income, but not in real terms”, recalled Adriana Beringuy.
Nominal income, that is, before discounting inflation in the period, grew 3.2% in the quarter ended in September compared to the quarter ended in June, R$ 85 more. In comparison with the quarter ended in September 2021, there was an 11.3% increase in the average nominal income, R$ 277 more.
The scenario of more heated economic activity also helps, as does a more favorable composition of occupation in the labor market, with more formal workers.
“Because I have less informality and more formality in my employed base, a greater contribution from the private sector and public sector workers, who, in general, have higher incomes, associated with a retraction in inflation, so the set of these factors contributes to this increase in income”, explained Adriana Beringuy.
The unemployment rate dropped to 8.7% in the quarter ended in September, the lowest result since the quarter ended in July 2015, when it was also at 8.7%.
According to Adriana Beringuy, the job market maintains the post-pandemic recovery trajectory.
While some sectors started hiring earlier after the initial shock caused by the health crisis, now the highlights are non-essential services and public administration, which also recover post-covid admissions. “The expansion of occupation in various economic activities,” he concluded.
Source: CNN Brasil
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