Brazil’s labor market has achieved a significant milestone, recording its lowest unemployment rate since the inception of the National Continuous Household Sample Survey (PNAD Continua) in 2012. This historic low underscores a notable improvement in the country’s employment landscape.
According to the latest data, approximately 5.6 million Brazilians actively sought employment without success between September and November. This figure marks a slight improvement from October, which saw 5.9 million workers in search of jobs.
The formal employment sector has demonstrated substantial growth, with the Brazilian Institute of Geography and Statistics (IBGE) identifying 39.4 million formal workers in the quarter ending November. This expansion reflects strengthened economic stability and increased formalization in the workforce.
Concurrently, Brazil’s overall employment numbers have reached unprecedented levels. The nation now boasts 103 million employed individuals, representing an increase of 1.1 million jobs compared to November 2015. This record-breaking employment figure highlights the sustained recovery and growth of Brazil’s labor market amid broader economic challenges.