Fri, 02 Oct 2020

Unemployment in Brazil rises to 13.3 pct in Q2

Xinhua
07 Aug 2020, 07:05 GMT+10

RIO DE JANEIRO, Aug. 6 (Xinhua) -- Unemployment in Brazil rose to 13.3 percent in the second quarter of the year, meaning some 12.8 million Brazilians were out of work, the largest number since May 2017, Brazilian Institute of Geography and Statistics (IBGE) said on Thursday.

According to the IBGE report, the unemployment rate rose 1.1 percentage points compared to that in the first three months of the year (12.2 percent) and 1.3 percentage points compared to the same quarter of 2019 (12 percent).

The agency said the unemployment rate in the second quarter was not higher because many people stopped looking for a job or were not able to work due to the novel coronavirus.

The employed population (83.3 million people) registered its lowest level since 2012, shrinking 9.6 percent with 8.9 million fewer people compared to the first quarter, and 10.7 percent (10 million people) compared to the same quarter of 2019.

Earnings of Brazilian workers averaged 2,500 reals (470 U.S. dollars) in the second quarter, a 4.6 percent increase over the previous quarter and 6.9 percent higher year on year.

Rise in unemployment has been one of the main impacts of the coronavirus pandemic in Brazil, whose economy is forecast to contract 5.66 percent in 2020, according to financial market estimates, or 4.7 percent, according to government projections.

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