started · updated
Brazil unemployment rate hits historic low of 5.3%
Brazil's unemployment rate fell to 5.3% for the moving quarter ending in July, the lowest level for this period since the IBGE began the PNAD Contínua series in 2012. The number of employed people reached a record high of 103.3 million, a 1% increase from the previous quarter.
Formal employment also hit a historic peak, with 39.4 million workers holding signed contracts. However, the informality rate rose slightly to 37.5%. The average real income for workers remained stable at R$ 3,762.
The growth in employment was largely driven by the construction sector, which saw a 5.1% expansion. While the labor market shows strength, economists note that high interest rates continue to impact the retail sector, which saw a net loss of jobs in July.
Entities
Antonio Ricciardi · Banco Central · Banco Daycoval · Brazil · IBGE · William Kratochwill
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 28 SOURCES] The number of workers with formal contracts reached a record 39.4 million. aquiacontece.com.br · www.acessa.com · www.cbnsantos.com.br · expresso360.com.br · folhadoleste.com.br · +15 more
- [● 28 SOURCES] The number of unemployed people fell to 5.8 million. aquiacontece.com.br · www.acessa.com · www.cbnsantos.com.br · expresso360.com.br · folhadoleste.com.br · +15 more
- [● 28 SOURCES] The number of employed people reached a record high of 103.3 million. aquiacontece.com.br · www.acessa.com · www.cbnsantos.com.br · expresso360.com.br · folhadoleste.com.br · +15 more
- [● 25 SOURCES] The number of discouraged workers fell by 9.7% to 2.3 million. aquiacontece.com.br · www.acessa.com · www.cbnsantos.com.br · expresso360.com.br · folhadoleste.com.br · +13 more
- [DISPUTED] The unemployment rate in Brazil was 5.3% for the moving quarter ending in July. aquiacontece.com.br · www.acessa.com · www.cbnsantos.com.br · expresso360.com.br · folhadoleste.com.br · +15 more
- [● 28 SOURCES] The informality rate rose to 37.5%. aquiacontece.com.br · www.acessa.com · www.cbnsantos.com.br · expresso360.com.br · folhadoleste.com.br · +15 more
- [DISPUTED] The average real income of workers was R$ 3,762. aquiacontece.com.br · www.cbnsantos.com.br · pautapb.com.br · canal38.com.br · www.brasildefato.com.br · +11 more
- [● 28 SOURCES] The 5.3% unemployment rate is the lowest for a quarter ending in July since the series began in 2012. aquiacontece.com.br · www.acessa.com · www.cbnsantos.com.br · expresso360.com.br · folhadoleste.com.br · +15 more