The Brazilian Institute of Geography and Statistics (IBGE) disclosed data from the Continuous National Household Sample Survey (PNAD) showing that the unemployment rate in Brazil stood at 12.3% in the quarter ended in July. This means that there are 12.86 million people unemployed. It is the fourth consecutive monthly decrease.
In comparison with the same quarter last year, when there were 13.3 million unemployed in the country, the unemployed population decreased in 3.4%.
Despite the growth of employment rates, IBGE data show that the decrease in unemployment has also been driven by the large number of Brazilians who are out of the labor market, underemployed or who simply gave up looking for work.
The coordinator of Work and Income at IBGE, Cimar Azeredo, called attention to the stabilization of employment papers registrations, which did not present a significant drop for the first time in four years. Azeredo also spoke about the number of the discouraged (who gave up looking for jobs) which reached an all-time high: 4.818 million Brazilians in the quarter ended in July. In one year, growth was 17.8% concerning the discouraged.