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Unemployment Rate Was 4.3% Lower Than The Same Period Last Year
The first quarter of 2022 ended with good news in the economy: Brazil has the largest drop in unemployment compared to G20 countries. The data was released this week by the Brazilian Institute of Geography and Statistics (IBGE). According to the survey, Brazil recorded an unemployment rate of 10.5% in the first quarter, which represents a decrease of 4.3% compared to the same period in 2022.
And that’s not all! The unemployment rate reached its lowest value since 2016, indicating an economic recovery and hope. Experts claim that this is the result of the strengthening of the global economy and the gradual return to in-person activities, which has stimulated business. To learn more about the factors involved, read the article.
Understand A Little More About The Drop In Unemployment In Brazil With The Video Below
The Global Economy Was Affected By The Pandemic And The War Between Russia And Ukraine, Which May Have Helped Brazil Get Ahead
The pandemic and the need for social distancing brought insecurity to the economic landscape, and many establishments found no alternative but to close their doors. However, in 2022, the world begins to gradually return to its normal activities, and then the war between Ukraine and Russia started.
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Chinese giant worth nearly R$ 4 billion that manufactures cables for electric cars, solar energy, and robotics wants to open a factory in SC.
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Many employers do not know, but the law guarantees domestic workers a 25% increase in salary during trips, 50% for overtime, 20% for night shifts, and 17 additional benefits that can lead to labor lawsuits if not paid.
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Gasoline prices soar and the question arises: is ethanol more advantageous? The 70% rule reveals the limit with gasoline.
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The government has made a decision and is starting a test with more ethanol in gasoline, anticipating a mixture of up to 35%, diesel with 25% biodiesel, and a study to assess the impacts on engines.
Still not recovered from the last blow, the sectors that employ were directly affected, especially in countries with direct trade relations with those involved in the war. Thus, Brazil was also affected, but not as abruptly in the employment sector. After all, although G20 countries have shown a reduction in the unemployment rate, Brazil managed to stand out, as shown in the results in the figure below.
The G20 is the group of countries considered to hold the largest economies in the world. Note that Brazil presented the best result regarding the drop in the unemployment rate in the G20, ranking ahead of developed countries such as Germany, France, Canada, and Spain.
The Scenario Is Promising, But Brazil Still Has The 4th Highest Unemployment Rate In The World
Although the recovery of jobs is encouraging, there is still much to improve. After all, we rank 4th in the list of countries with the highest unemployment rate. In absolute numbers, this translates to 11.3 million unemployed people. The lowest rate ever recorded happened in 2013, at 6.3%, and the highest in March 2021, reaching 14.9%.
When compared to the previous quarter, there was a 0.7% drop in the unemployment rate, which implies a total of 1.083 million people now employed. In comparison to the same quarter of the previous year, we see a total of 9.036 million people employed.
Transportation, Storage, And Postal Sectors Experienced The Largest Drop In Unemployment In Brazil
The rate of employed individuals with a formal labor contract in the private sector was 11.6% higher than last year, which equates to 35.2 million people.
“The continued decrease in the unemployment rate, mainly influenced by the ongoing expansion of employment, particularly concentrated in transportation, storage, and postal activities, is notable. Other personal beautification services provided to families, such as manicure, hairdresser, and beautician, as well as in the education segment, which had significant expansion”
Coordinator of Household Sample Research at IBGE, Adriana Beringuy (2022) in a statement to the press
To check the full results from IBGE, click here.
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