Brazil’s unemployment reported at 6.2% in the last quarter of 2024
Brazil’s unemployment rate stood at 6.2 percent in the last quarter of 2024. The rate is statistically stable compared to the third quarter of the year (6.4%) and lower than the one observed in the last quarter of 2023 (7.4%). The data were released on Friday (Jan. 31) by the statistics bureau IBGE.
The result brings the annual unemployment rate to 6.6 percent, the lowest level in the time series that began in 2012. Before that, the lowest level had been seven percent in 2014.
In the last quarter of 2024, unemployed Brazilians totaled 6.8 million-stable compared to the previous quarter and 15.6 percent lower than in the last quarter of the previous year (1.3 million fewer people).
The employed population (103.8 million) grew in both comparisons: 0.8 percent (789 thousand more people) in the quarter and 2.8 percent (2.8 million more people) in the year.
