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Brazil unemployment rate drops to lowest in October

RIO DE JANEIRO
2022-12-01 09:55

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RIO DE JANEIRO, Nov. 30 (Xinhua) -- Unemployment in Brazil fell to 8.3 percent in the three months ending in October, 0.8 percentage points lower than the previous three months and 3.8 percentage points lower than the same period last year, the Brazilian Institute of Geography and Statistics said Wednesday.

According to the state-run institute, there were 9 million registered unemployed people in October, the lowest for the three months ending in October since 2014 and the lowest level of unemployed registered this year.

Meanwhile, the employed population reached 99.7 million, a record high since the data began to be tracked in 2012, and an increase of 1 percent compared to the previous three months and 6.1 percent year-on-year.

The average monthly wage in Brazil grew by 2.9 percent compared to the previous three-month period and by 4.7 percent year-on-year to reach 2,754 reals (531 U.S. dollars).
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