Economy

Unemployment falls to 6.8% in quarter ending in July

This is the lowest rate for a quarter ending in July since 2012

Vitor Abdala

Published on 30/08/2024 - 10:47

Rio de Janeiro

Brasília (DF) - Caminhos da Reportagem - Alunos do curso técnico de gastronomia do instituto federal de Brasília.
A taxa de desemprego no Brasil é de 8,8%, segundo a pesquisa mais recente do IBGE. Já entre os jovens de 18 a 24 anos, esse índice é o dobro: 18%.
Foto: Frame Caminhos da Reportagem/TV Brasil — © Frame Caminhos da Reportagem/TV Brasil

Brazil’s unemployment rate stood at 6.8 percent in the quarter ending in July this year, down from 7.9 percent in the same span in 2023. The indicator was also lower than the one observed in the quarter ending in April this year (7.5%). The data were released Friday (Aug. 30) by statistics bureau IBGE.

The rate was said to be the lowest for a quarter ending in July since the survey’s time series began in 2012.

Employment

The unemployed population (those who are looking for a job but cannot find one) totaled 7.4 million Brazilians—the lowest for the period in the time series. Joblessness fell by 9.5 percent compared to the quarter ending in April (783 thousand fewer unemployed) and by 12.8 percent compared to July 2023 (1.1 million fewer).

The employed numbered 102 million—the highest for the period since 2012, up 1.2 percent in the quarter (1.2 million more workers) and 2.7 percent over the year (2.7 million more).

The employed population, in turn, amounted to 102 million people—the largest contingent for the period since 2012, with increases of 1.2 percent in the quarter (1.2 million more workers) and 2.7 percent over the year (2.7 million more people).

The average worker’s real income (BRL 3,206) was stable in the quarter and grew 4.8 percent year to date, while the real income mass (BRL 322.4 billion) was 1.9 percent higher (up BRL 6 billion) in the quarter and 7.9 percent (up BRL 27.5 billion) over the year.