Unemployment in Brazil fell to 10.5 per cent in the February to April period, the lowest since 2015, the Brazilian Institute of Geography and Statistics (IBGE) said.
The figure means that 11.3 million people are out of work, according to the IBGE report on Tuesday.
The unemployment rate decreased 0.7 percentage points compared to the previous three months (November to January), when the rate was 11.2 per cent, and decreased 4.3 percentage points compared to the same period in 2020, Xinhua news agency reported.
Those figures mean that the number of jobless decreased by 699,000 people compared to the previous three months, and by 3.8 million people compared to the same period in 2021, said the report.
The number of employed persons reached 96.5 million, the highest figure since records began being kept in 2012, up 1.1 per cent (1.1 million people) from the previous three months and 10.3 per cent (9 million people) from a year ago.
The February-April figure shows that "we are experiencing the continuation of the process of a shrinking unemployment rate, which has been happening since the three-month period ending in July 2021," the IBGE said.
The informality rate stood at 40.1 per cent of the employed population in the three-month period, equivalent to 38.7 million people, according to the report.
Earnings in this period averaged 2,569 reals (nearly $545), which was stable compared to the previous three-month period, but 7.9 per cent lower compared to the same period in 2021.
--IANS
int/khz/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app