Unemployment Rate in Brazil Continues to Rise

The number of unemployed persons increased by more than 135,000 in February, registering the worst month of February since 2009.

SÃO PAULO, BRAZIL – The number of unemployed persons in Brazil increased by more than 135,000 in February, according to the IBGE (Brazilian Statistics Bureau), registering the worst month of February since 2009. The unemployment rate in February was of 8.2 percent.

The bureau, which surveyed Brazil’s six major metropolitan regions, released that the unemployment rate for February increased by 0.6 percentage points in relation to January and 2.4 percentage points in relation to February of 2015. According to the IBGE more than two million people are not employed, a surge of more than 565,000 from the same time last year.

The Monthly Employment Survey also showed that the average wages for workers declined by 1.5 percent in relation to January and dropped by 7.5 percent in relation to February of 2015.

The survey reports that all metropolitan regions, except for that of São Paulo, registered stability in the unemployment rate in February in comparison to January. São Paulo’s unemployment rate increased from 8.1 percent to 8.3 percent. In comparison to February of 2015, all regions registered increases with the highest increase of unemployed persons being seen in Recife (from seven percent to 10.4 percent) and São Paulo (from 4.9 percent to 7.2 percent).

– See more at riotimesonline

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