Brazil’s unemployment rate drops to 9.4% in April

The unemployment rate in Brazil reached 9.4% in April this year, the lowest level since October 2015, according to a study released this Friday by the Institute of Applied Economic Research (Ipea).

Image/CAMERAGE

Compared to the same month in 2021, the rate fell by 4.9 percentage points. In all, the country had 11 million unemployed in April.

According to Ipea, at the other end, the employed population in April reached 97.8 million workers, the highest level since 2012. In relation to the same period last year, the employed population increased by 10.8% and, in comparison with last March, there was a rise of 2.1%. According to Ipea, data analysis shows that the expansion of occupation has occurred in a generalized way, involving all regions, all age and educational segments and reaching all sectors of the economy.

Ipea highlights the recovery in the sectors that had the most intense drops at the height of the pandemic, due to social distancing measures. In the first quarter of this year, 6 of the 13 sectors surveyed showed occupancy growth of more than 10%, with emphasis on the accommodation and food sectors, with an increase of 32.5% in the occupancy rate; personal services, up 19.5%; and domestic services, with growth of 19.4%.

The data show, however, that there are still a number of challenges to be overcome in the Brazilian labor market. Even in the face of a stronger recovery in formal employment, most of the new vacancies are being generated in the informal segments of the economy. In the last mobile quarter, ended in April 2022, while the number of workers with a formal contract increased 11.6%, compared to 2021, the number of employed without a formal contract grew 20.8%.


BRAZIL: RIO DE JANEIRO CONFIRMS 1ST MONKEYPOX CASE, 5 TOTAL CASES REPORTED IN COUNTRY

ISLAMIC STATE MURDERS MORE CHRISTIANS IN NIGERIA, CHURCH OF THE BRETHREN DESTROYED

CONVOY OF HOPE SENDING RELIEF TO UKRAINE, HELP FOR POLISH REFUGEES

Leave a Reply

Your email address will not be published.