The unemployment rate in Brazil stood at 11.1% in the three months through December, down 1.5 percentage points from the previous quarter (12.6%), according to the Brazilian Institute of Geography and Statistics (IBGE) this Thursday (24th).
The result for the quarter was in line with the median of market forecasts, which pointed to 11.2% in the period.
The average annual rate was 13.2%, which indicates a recovery trend compared to 2020, the worst moment of the pandemic, and when the rate was 13.8%, says the institute. Despite the improvement, the annual rate is the second highest in the survey’s historical series, which began in 2012, and is above that recorded in 2019 (12%), pre-Covid period.
“In 2021, with the advance of vaccination and the improvement in the scenario, there was an increase in the number of workers, but there is still a high contingent of people looking for a job”, says the coordinator of Work and Income at IBGE, Adriana Beringuy, in note.
*In update
Source: CNN Brasil
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