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Unemployment in the country falls for the 9th consecutive month and reaches lower level of the year

Job market

In the case of the employed population, there was a growth of 1.2%. In practice, this means that more than 1.1 million people have been repositioned in the labor market and have returned to income

Following the improvement in the labor market and the recovery of the economy, unemployment fell for the 9th consecutive month. In the quarter ended in September, the unemployment rate fell from 13% to 12.4%, when compared to the immediately previous quarter. That means that about  524,000 people have left the unemployment situation.

The data are from the Brazilian Institute of Geography and Statistics (IBGE), and were released on Tuesday morning (31).

In the case of the employed population, there was a growth of 1.2% in relation to the previous quarter. In practice, this means that more than 1.1 million people have been repositioned in the job market and have returned to income.

According to the survey, the number of employees with a work permit was stable at 33.3 million people, while the number of self-employed workers grew by 1.8% compared to the previous quarter (+402 thousand people).

The result of the quarter comes at the same time that the labor market reacts to the growth of the economy. From January to September, for example, 208,800 formal jobs were created in the country, according to data from the General Register of Employed and Unemployed Persons.

Yield

The average real income from work ended the quarter ended September at R $ 2,115, a stable result compared to the R $ 2,108 of the previous quarter and the R $ 2,065 recorded in September 2016.

Meanwhile, the usual gross income closed the September quarter at R $ 188.1 billion, representing a growth of 1.4% in relation to the April-May-June quarter (plus R $ 2.7 billion). Compared to the same quarter of 2016, there was an increase of 3.9% (R $ 7 billion). The increase accompanies the reduction in unemployment rates.

 

Source: Government of Brazil, with information from IBGE