Economy

Brazil had 14.1 million unemployed at the end of October, says IBGE

The result reflects the fact that people started to go out more to look for jobs

Man shows work card while looking for job opportunities in downtown São Paulo, October 2020. Photo: REUTERS / Amanda Perobelli
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  • Unemployment has remained at extremely high levels in Brazil as a result of measures to contain the coronavirus;
  • But with the relaxation of the containment measures, the number of occupied workers also increased in the three months to October, totaling 84.301 million, an increase of 2.8% over the immediately previous quarter.

Brazil started the fourth quarter of 2020 with an increase in the number of unemployed in the face of greater demand for jobs, but at the same time, it showed a growth in the occupied population, indicating a recovery in the labor market.

Between August and October, the unemployment rate was 14.3% (14.061 million unemployed), according to data released this Tuesday by the Brazilian Institute of Geography and Statistics (IBGE).

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The result was well above the rate of 13.8% seen in the immediately previous quarter, from May to July, but yielded compared to the 14.6% seen in the quarter up to September, the maximum for the historical series of the Continuous Pnad research started in 2012.

The result reflects the fact that people started to go out more to look for jobs in view of the relaxation of the containment measures.

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But the number of occupied workers also increased in the three months to October, totaling 84.301 million, an increase of 2.8% over the immediately previous quarter but a 10.4% decrease compared to the same period last year.

“Throughout the year, we’ve seen the expansion of the population outside the labor force, of people withdrawing from the labor market, and now we noticed the return of part of these workers,” says the research analyst, Adriana Beringuy.

Translated by LABS

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