Itaú BBA - Unemployment rate stable at 11.9% seasonally-adjusted in June

Macro Brazil

< Back

Unemployment rate stable at 11.9% seasonally-adjusted in June

July 31, 2019

Unemployment remains high by historical standards


For the version with all charts and tables, please open the attached pdf file
 

• Brazil’s nationwide unemployment rate receded to 12.0% in the quarter ended in June from 12.4% one year earlier, according to national household survey PNAD Contínua. The reading matched our estimate and the median of market expectations.

• Seasonally-adjusted unemployment remained stable at 11.9%.

• The real wage bill expanded 2.4% yoy in 2Q19.
 

Luka Machado Barbosa
Alexandre Gomes da Cunha

Matheus Felipe Fuck

 

For the version with all charts and tables, please open the attached pdf file
 



< Back