Itaú BBA - Unemployment recedes in March

Macro Brazil

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Unemployment recedes in March

abril 30, 2019

Employment advanced in the quarter

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

 Brazil’s nation-wide unemployment rate reached 12.7% in the quarter ended in March, compared to 13.1% one year earlier, according to the national household survey PNAD Contínua. The reading came in below our forecast and the median of market expectations (12.8% and 12.9%, respectively).

 The seasonally-adjusted unemployment rate declined 0.2 pp to 12.0%.

 The real wage bill grew 3.3% yoy in the quarter ended in March.


Luka Barbosa
Alexandre Gomes da Cunha

 

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



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