The unemployment rate in Brazil has risen to 6.5% as of January 2025, the highest in five months, reflecting economic pressures from inflation and currency depreciation. The unemployed population is now 7.2 million, and net employment has fallen to 103 million, alongside an increase in those outside the labor force.
As of January 2025, Brazil has experienced a notable increase in its unemployment rate, which rose to 6.5% from 6.2% in the preceding quarter. This rise, the highest observed in five months, aligns closely with market predictions of 6.6%. The surge indicates a shift from Brazil’s previously tight labor market, driven by ongoing concerns regarding high inflation and a depreciating currency affecting overall demand in the economy.
The number of unemployed individuals increased by 5.3%, totaling approximately 7.2 million. Concurrently, net employment saw a decline of 0.6%, with the total workforce now at 103 million. Additionally, there has been a significant rise in the population outside the labor force, which reached 66.8 million individuals.
In conclusion, Brazil’s unemployment rate has risen significantly to 6.5%, marking the highest level in five months. This increase is indicative of the challenges posed by continuing inflation and currency weaknesses which are impacting labor market dynamics. Moreover, the rise in both unemployed individuals and those outside the labor force signals ongoing economic adjustments that require careful monitoring.
Original Source: www.tradingview.com
