Result of unemployment in the quarter of November/22 and January/23 was 8.3% lower compared to the previous period.| Photo: Albari Rosa/Gazeta do Povo archive

The unemployment rate in Brazil stood at 8.4% in the quarter between November 2022 and January 2023, according to data released this Friday morning (17) by the Brazilian Institute of Geography and Statistics (IBGE).

The so-called Continuous PNAD points out that nine million Brazilians were out of the job market, a drop of 8.3% compared to the previous quarter and 11.2% compared to the same period last year (see full text).

According to the IBGE, the rate is also the lowest for the quarter between November of one year and January of the other since 2015, with a drop of 6.9%.

The employed population lost steam in the quarter, with a drop of 1%, and reached 98.6 million people. Among them, 36.8 million are contracted by CLT, 13.1 million without a formal contract and 25.3 million on their own. Informality adds up to 38.5 million workers.

On the other hand, the population outside the labor force grew 2.2% compared to the previous quarter and 2.2% compared to the same period of the previous year, reaching 66.3 million people.