Average Unemployment Rate Is The LOWEST in NINE YEARS, Says IBGE

Written by Alisson Ficher

Published on 31/01/2024 at 11:56

IBGE divulga números sobre o desemprego no Brasil. (Imagem/ Reprodução)

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Numbers Released This Wednesday (31) by the Brazilian Institute of Geography and Statistics (IBGE) Show That the Unemployment Rate in Brazil Is the Lowest Since 2014.

These numbers released by the IBGE based on data collected by the Continuous National Household Sample Survey (PNAD) show that the average unemployment rate in Brazil was 7.8% in 2023. In the quarter ending in December, this rate was 7.4%.

According to a statement released by the institute, this was the lowest level since 2014. At that time, unemployment reached 7%. Furthermore, the IBGE stated that this result represents a slowdown compared to the numbers recorded in 2022, when the average unemployment rate in Brazil hit 9.3%.

“The annual result is the lowest since 2014, confirming the trend already presented in 2022 of labor market recovery following the impact of the Covid-19 pandemic”, published the IBGE this Wednesday.

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Employed and Unemployed Population

Another interesting piece of data revealed by the IBGE was regarding the average unemployed population. According to the data, in 2023, there were 8.5 million people in this situation. This number represented a reduction of 17.6% compared to the previous year.

On the other hand, the average employed population reached 100.7 million people in 2023. This number represents a record in the IBGE’s historical series and an increase of 3.8% compared to 2022.

According to the institute, the percentage of employed individuals in the working-age population, known as the employment rate, was estimated at 57.6% in 2023. In this regard, there was an increase of 1.6% compared to the previous year.

Regarding the type of employment, it is noted that the number of workers with formal contracts rose by 5.8% during the year. This percentage also represents a historical record and has an average of 37.7 million people.

Another interesting piece of data revealed by the IBGE was the increase of 6.2% in the number of domestic workers. There were an average of 6.1 million more people working in this area.

Average Salary Is Also on the Rise

Like most of the data, what pertains to the average salary also came with good news. According to the IBGE, the numbers collected by the survey show that, after two years of decline, the usual real average income had a rise of 7.2% in 2023. As a result, the amount increased to R$ 2,979.

This average income is the highest value since 2020, when income statistics were distorted due to the Covid-19 pandemic. At that time, lower-wage workers were excluded from the labor market due to the destruction of in-person job vacancies, caused by social isolation.

Finally, the survey showed that the mass of usual real income was estimated at R$ 295.6 billion. This is also a record in the IBGE’s historical series and represents an increase of 11.7% compared to the previous year.

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Average Unemployment Rate Is The LOWEST in NINE YEARS, Says IBGE

Numbers Released This Wednesday (31) by the Brazilian Institute of Geography and Statistics (IBGE) Show That the Unemployment Rate in Brazil Is the Lowest Since 2014.

Employed and Unemployed Population

Average Salary Is Also on the Rise

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Average Unemployment Rate Is The LOWEST in NINE YEARS, Says IBGE

Numbers Released This Wednesday (31) by the Brazilian Institute of Geography and Statistics (IBGE) Show That the Unemployment Rate in Brazil Is the Lowest Since 2014.

Employed and Unemployed Population

Average Salary Is Also on the Rise

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He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

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