Unemployment rate stands at 8.3% in the quarter through May, says IBGE

by time news

2023-06-30 11:22:57

The real average income of the worker was R$ 2,901 in the quarter ended in May, according to the IBGE

The unemployment rate in Brazil stood at 8.3% in the quarter ended in May, according to data from the Continuous National Household Sample Survey (Continuous PNAD) released this Friday morning, 30, by the Brazilian Institute of Geography and Statistics (IBGE).

The result was slightly above the 8.2% forecast calculated from the median of expert estimates collected by Projeções Broadcast. Projections for the unemployment rate varied between 8.0% and 8.6%.

In the same period of 2022, the unemployment rate measured by Pnad Contínua was 9.8%. In the quarter ended in April 2023, the unemployment rate was 8.5%.

The real average income of the worker was R$ 2,901 in the quarter ended in May, according to the IBGE. The result represents an increase of 6.6% in relation to the same period of the previous year.

The mass of usual real income paid to employed persons added up to R$ 280.9 billion in the quarter up to May, an increase of 7.9% compared to the same period of the previous year.

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