Unemployment drops to 8.1% in November

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It was the lowest vacancy rate since the quarter ended in April 2015; The number of unemployed is the lowest since June 2015. Unemployed people line up outside an unemployment insurance office in Santiago, Chile, on May 29. Reuters/Ivan Alvarado The unemployment rate in Brazil has dropped to 8, 1% in November. It was the lowest unemployment rate since the quarter ended in April 2015, which registered the same rate. The data are from the Continuous National Household Sample Survey (PNAD), released this Thursday (19) by the IBGE. As a result, the rate decreased by 0.9 percentage points compared to the quarter ended in August (8.9%) and 3.5 percentage points compared to November 2021 (11.6%). The unemployed population was 8.7 million people in November, a decrease of 9.8% (953 thousand less people) compared to the quarter ended in August and 29.5% (3.7 million less unemployed people) in the comparison with November 2021. This is the smallest contingent since the quarter ended in June 2015. Rate has been falling for 6 quarters, says IBGE According to IBGE, “the unemployment rate has been falling significantly for six consecutive moving quarters “. Adriana Beringuy, coordinator of Household Sample Surveys at the IBGE, explains that the drop in November is explained by the 0.7% increase in occupancy in the period – an increase of 680,000 people in the job market -, which again reached its highest level from the survey’s historical series, which began in 2012. “Although the increase in the employed population has been occurring at a slower pace than that seen in previous quarters, it is significant and contributes to the drop in unemployment”, explains the researcher. Beringuy adds that the successive drops in the unemployment rate were also a reflection of the increase in the number of employed people, in a recovery movement of the labor market observed since 2021. informal jobs and, later, formal employment in the most diverse groups of activities, such as commerce and industry. More recently, there has also been an increase in services, which play an important role in the recovery of the employed population in the country”, she says. Income grows The real average income (discounting inflation) was estimated at R$ 2,787, an increase of 3% in relation to the quarter ended in August. When compared to the same quarter of the previous year, growth was 7.1%. The mass of real income usually received by employed persons (in all jobs) also grew in both comparisons and reached R$ 273 billion, again reaching a record in the survey’s historical series. Compared to the quarter ended in August, the increase was 3.8%, or more R$ 10.1 billion. “The income mass has been growing throughout the year. In the quarter ended in November, growth was simultaneously influenced by the expansion in the number of workers and by the increase in average real income”, points out Adriana. Compared to the same quarter of 2021, there was an increase of 13%, an increase of R$ 31.4 billion. The usual average real income increased in relation to August in the following categories: Construction (7.5%, or more R$ 156) Transport, storage and mail (5.9%, or more R$ 152) Accommodation and food (5. 7%, or more R$ 96) Public administration, defense, social security, education, human health and social services (3.6%, or more R$ 134) Among the types of occupation, there was an increase in the following categories: Employee with formal employment card (2.1%, or more BRL 55) Employee in the public sector (including statutory and military servants) (2.6%, or more BRL 106) Self-employed (6.1%, or more BRL $128)

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