Unemployment rate in Brazil continued to fall during the third quarter
During the third quarter of 2023, the unemployment rate in Brazil fell again, reaching 7.7 %, its lowest level since 2015
The increase in the number of citizens working, together with the decline in people looking for work in the third quarter of this year, contributed to the fall in the unemployment rate in Brazil.
According to data from the Brazilian Institute of Geography and Statistics (IBGE), the unemployment rate in the South American country stood at 7.7 %, its lowest level since the beginning of 2015.
The agency’s data, published this Tuesday, indicate: “Between July and September, unemployment fell 0.3 percentage points compared to the second quarter (April-June, 8 %) and one point compared to the same period in 2022.”
The coordinator of the IBGE, Adriana Beringuy, stressed: “The fall in the unemployment rate was induced by the expressive growth in the number of people working and by the retraction of people looking for work in the third quarter.”
In detail, it is indicated that the nation led by Luiz Inácio Lula da Silva counted 8.3 million citizens looking for work in the period from July to September, which is 3.8% less than in the previous quarter and 12.1 % less than in 2022.
The occupancy rate “reached 99.8 million, a record since measurements began in 2012, according to the IBGE. In the July-September period, 929,000 people joined the labor market, a quarterly advance of 0.9 %,” details the IBGE.
M.Pino
Source: swissinfo
(Reference image source: Sarah Elizabeth, Unsplash)
Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram
