Unemployment Rate in Brazil decreased to 6.80 percent in July from 6.90 percent in June of 2024. Unemployment Rate in Brazil averaged 10.08 percent from 2012 until 2024, reaching an all time high of 14.70 percent in March of 2021 and a record low of 6.20 percent in December of 2013. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
Unemployment Rate in Brazil is expected to be 8.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Unemployment Rate is projected to trend around 8.00 percent in 2025 and 7.90 percent in 2026, according to our econometric models.