The unemployment rate in Brazil fell to 8.3% in the quarter ended in October, informed the IBGE (Brazilian Institute of Geography and Statistics) this Wednesday (30). This is the lowest rate for the period since 2014.
The market expected a rate of 8.5% in the period, according to a Reuters poll.
The rate represents a decrease of 0.8 percentage points (pp) in relation to the previous quarter, from May to July. Compared to the same quarter of 2021, the drop was 3.8 pp
The contingent of employed persons reached a new record in the historical series that started in 2012, with an increase of 1%, to 99.7 million.
“This moment of occupancy growth has been underway since the second half of 2021. With the approach of the last months of the year, a period in which there is historically an increase in job creation, the trend continues”, says Adriana Beringuy, coordinator of the Continuous National Household Sample Survey (PNAD), in note.
The unemployed population was 9 million people, which represents a decrease of 8.7% compared to the quarter ended in July, minus 860 thousand people. It is the lowest level since July 2015, says the IBGE.
Group with a formal contract grows
In the quarter ended in October, the number of employees with a formal contract grew by 2.3% (822 thousand people), reaching 36.6 million.
“This index has been rising for more than a year, which shows not only that the labor market is expanding numerically, but also showing some growth in the formalization of the employed population”, says Beringuy.
The usual real income also grew, registering an increase of 2.9% in relation to the previous quarter, to R$ 2,754.
The IBGE highlights among the functions with the highest increases employed in the public sector (including statutory and military servants) (3.4%, or more R$ 137) and self-employed (3.3%, or more R$ 69), in addition to employee with a formal contract (3.1%, or more R$ 79).
Among the groups, the biggest increases were in transport, storage and mail (6.5%, or more R$ 163), agriculture, livestock, forest production, fishing and aquaculture (5.7%, or more R$ 100) and Construction (5.5%, or more R$114).
*Under update / Published by Ligia Tuon
Source: CNN Brasil
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