Unemployment drops for ninth consecutive month to lowest level of the year

Unemployment drops for ninth consecutive month to lowest level of the year

Chamber Articles Category: Procurement Opportunities Post Date: 11/03/17 Source: BrazilGovNews By: BrazilGovNews
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In the wake of improvements in the labour market and the recovery of the economy as a whole, joblessness fell for the ninth consecutive month in Brazil. The unemployment rate fell from 13% to 12.4% in the quarter ended in September (when compared to the quarter immediately before), which means that 524,000 people have left unemployment.

The data was released by the Brazilian Institute of Geography and Statistics (IBGE) this Tuesday (31 October).

The numbers of actively employed Brazilians rose by 1.2% in relation to the previous quarter. In practice, this means that more than 1.1 million people have been repositioned in the job market and are once again earning income.

According to the survey, the number of people formally employed remained stable at 33.3 million people, while the number of self-employed workers grew by 1.8% compared with the previous quarter (+402,000 people).

The result of the quarter comes as the labour market begins reacting more strongly to economic growth. From January to September, for example, 208.8 formal jobs were added to the Brazilian economy (according to data from the General Register of Employed and Unemployed Persons). Read Full Article