Brazil’s unemployment rate increased in June

The unemployment rate in Brazil reached 13.3% in June, the highest figure in three years, as the pandemic’s economic impact continues to take its toll on the labour market. The June figure was a result of the contraction of the labour force, as the number of employed reached a record low of 83.3mn. Further, many people gave up searching for a job during the pandemic. 

According to the Brazilian Institute of Geography and Statistics, which published the labour market data, 8.9mn workers lost their jobs between March and June.

Further data and analysis on Brazil’s economy could be found on the CEIC Brazil Economy in a Snapshot – Q2 2020 report.