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Brazil’s unemployment falls further to 8,1% in June

July 23rd, 2009 - 2 responses

We wrote early June on the Brazilian employment market which remained very resiliant to the crisis.
Today the June figures were release: the unemployment fell further down from 8,9% in May to 8,1% in June.  This is  the same as in May 2008, which was a record year for Brazil in terms of employment occupation.
If you put this figures in a historical perspective (see below chart) you see the strength of this performance.
The USA unemployment rate went up to 9,5% and the South African unemployment rate went up above 23%.

brazil unemployment

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Unemployment Brazil versus unemployment USA

June 7th, 2009 - 2 responses

In 2004, when we entered Brazil, the unemployment rate was 11,5%.  In th US, the unemployment rate was 4,6%.
The lowest Brazilian unemployment rate was in December 2008, when it was 7,2%.  But Q4 is in Brazil typically a strong quarter and the Q4 2008 one was an exceptional one.  Since then, the Brazilian unemployment went 1,7% up to 8,9%.  The US lowest unemployment rate was 4,6% in 2007.  Since then it went up 4,8% to today’s 9,4%.

Graph from Globo:

unemploymentbrazil

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