The unemployment rate (8.1%) of the moving quarter between September and November 2022 dropped 0.9 percentage points (pp) in relation to the quarter June-August 2022 (8.9%) and 3.5 pp against the same period in 2021 (11.6%). This is the lowest unemployment rate sinced the moving quarter that ended April 2015 (8.1%).

The unemployed population (8.7 million persons) dropped 9.8% (953 thousand persons from the previous quarter and 29.5% (3.7 million unemployed persons) in the annual comparison. That is the lowest figure since the quarter ended June 2015.

The employed population (99.7 million) was a record in the time series that started in 2012, with a rise of 0.7% (680 thousand persons more 1.0 million) against the previous quarter) and of 5.0% (4.8 million) in the year).

Estimated at 57.4%, the employment-population ratio percentage of employed persons in the population at working age - changed by 0.3 pp against the previous moving quarter (57.1%) and 2.2 pp from the same quarter in 2021 (55.1%).

The compound underutilization rate (18.9%) dropped 1.6 percentage points in the quarter (20.5%) and 6.1 p.p. in the year (25.0%).

The underutilized population (21.9 million persons) dropped 8.4% from the previous quarter and 24.6% in the annual comparison.

Thetime-related underemployed population (5.8 million persons) dropped 9.4% (by 597 thousand persons) in the quarter and 23.7% (by 1.8 million persons) in the year.

The population out of the workforce (65.3 million persons)increased by 1.0% against the previous quarter (660 thousand persons) and was stable in the annual comparison.

The discouraged population (4.1 million persons) fell by 4.8% from the previous quarter (by 203 thousand persons) and 16.7% (by 1.0 million persons) in the annual comparison.

The percentage of discouraged workers in the workforce or discouraged population (3.6%) changed by - 0.2 p.p. in the quarter and by 0.7 p.p. in the year.

The number of workers with a formal employment contract in the private sector (except domestic workers) amounted to 36.8 million persons, having increased 2.3% (by 817 thousand persons) against the previous quarter and 7.5% (2.6 million persons more) in the annual comparison.

The number of workers without a formal contract assinada no setor privado (13,3 milhões) ficou estável ante o trimestre anterior e cresceu 9,3% (1,1 milhão de pessoas) no ano.

The number of self-employed workers (25.5 million) fell by 1.4% against the previous quarter (by 370 thousand persons) and was stable in the year.

The number of domestic workers (5.9 million persons) remained stable. against the previous quarter, but rose 4.5% (255 thousand person more in the year.

The number of employers (4.3 million persons) stood stable against the previous quarter and increased 12.0% (466 thousand persons) in the annual comparison.

The number of workers in the public sector (12.3 million persons) also remained stable against the previous quarter, but increased by 8.8% in the annual comparison (993 thousand).

Informality rate was 38.9% of the employed population (or 38.8 million informal workers) against 39.7% in the quarter ended August and 40.6% in the same quarter in 2021.

Usual real earnings (R$ 2,787) increased 3.0% in the quarter and 7.1% in the year.

Usual real wage bill (R$273 billion) grew 3.8% against the previous quarter and 13.0% in the annual comparison.

Unemployment Rate - Brazil - 2012/2022

In the moving quarter Sep-Nov 2022, workforce (employed and unemployed persons) amounted to 108.4 million persons, being stable against the quarter Jun-Aug 2022 and recording an increase of 1.0% (1.1 million persons) against the same quarter in 2021).

Against the previous quarter, the following groups of activity recorded increases: Information, Communication and Financial, Real Estate and Administrative Activities (by 2.6%, or 307 thousand persons) and Public administration, defense, social security, education, human health and social services (1.8%, or 319 thousand persons). The other groups did not record any statistically-significant changes.

Against the quarter ended November 2021, increases were observed in: General industry (4.0% or 499 thousand persons more), Trade, repair of motor vehicles and motorcycles (6.1% or 1.1 million persons more), Transportation, storage and mailing (10.7% or 513 thousand persons more, Information, Communication and Financial Activities, Real estate, Professional and Administrative Activities (6.3 % or 716 thousand persons more), Public administration, defense, socila security, education, human health and social services (8.4% or 1.4 million persons more), Other services (14.2% or 673 thousand persons more) and Domestic services (4.2% or 236 thousand persons more). The group of Agriculture, livestock, forestry, fishing and aquiculture recorded a decrease (by 3.6% or less 318 thousand persons).

Compound underutilization rate – Quarters - September-November – Brazil – 2012 to 2022 (%)

The average usual real earnings (R$2,787.00), against the previous moving quarter recorded an increases in the following categories: Construction (7.5%, or R$ 156), Transportation, storage and mailing (5.9%, or R$ 152), Lodging and feeding (5.7%, or R$ 96) and Public administration, defense, social security, education, human health and social services (3.6%, or R$ 134). The other groups did not record any significant changes.

Against the same quarter in 2021, increases were recorded by Agriculture, livestock, forestry, fishing and aquaculture (13.3%, or R$ 213), Industry (4.4%, or R$ 113), Construction (13.1% or R$ 260), Trade, repair of motor vehicles and of motorcycles (7.9%, or R$ 164), Transportation, storage and mailing (8.1%, or R$ 204), Information, Communication and Financial, Real estate, Professioanl and Administrative Activities (8.3%, or R$ 312), and Domestic services (6.6%, or R$ 65). The other groups did not record any significant changes.

Among the employment types against the previous quarter, the following categories recorded increases: Persons employed with a formal contract (2.1% or R$55), Persons employed in the public sector (including statutory officials and the military) (2.6% or more R$106) and Self employed workers (6.1% or R$128). The other categories did not record significant changes. Workers with a formal contract (5.3%, or R$ 132), Workers without a formal contract (12.9%, or R$ 210), Domestic workers (6.6%, or R$ 65) and Self-employed workers (10.7%, or R$ 216) recorded increases against the same period a year ago.