Thursday, 6 August 2020

Unemployment in Brazil exceeds 13% after about 9 million workers had been laid off during the COVID-19 pandemic

The unemployment rate in Brazil rose to 13.3%, an increase of 1.1 percentage point (p.p.) compared to the quarter ended in March 2020. As a result, the number of unemployed workers was 12.8 million. The data are from the National Continuous Household Sample Survey (Continuous Pnad), carried out by IBGE (Brazilian Institute of Geography and Statistics).

The number of discouraged reached 5.7 million people, the largest contingent in the historical series. They are people with the potential to work, but who simply gave up looking for a formal job. The majority of them are working in informal jobs or are unoccupied.

According to the newspaper Folha de S. Paulo, "commerce was the sector most affected, with the closing of 2.1 million jobs. In civil construction, there were 1.1 million fewer. Among domestic workers, there were 1 , 3 million layoffs".

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