Formal contract employment is lower than informal and independent work in 2018 – Brazil ended the year 2018 with 12.195 million unemployed and a fourth quarter unemployment rate at the lowest level of the year, maintaining the slow and gradual pace of market recovery.



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By Camila Moreira

SÃO PAULO

Brazil's unemployment rate was 11.6% in the fourth quarter, compared to 11.9% in the third quarter, which is the result of the three months. The Brazilian Institute of Geography and Statistics (IBGE) reported Thursday.

The data presented by the PNAD show that the labor market remains marked by discouragement of workers and informality, although the unemployment rate

Between October and December, the number of unemployed in Brazil is fell to 12 195 million

Between October and December, the number of unemployed in Brazil fell to 12 195 million. , from 12,492 million euros in the third quarter and 12,206 million euros in the third quarter to November. In the last quarter of 2018, the number of discouraged workers, or the number of workers who stopped looking for work, remained high, but dropped to 4,706 million [19659003] million, compared to 4,776 million in the third quarter and 4.705 million during the quarter ended November

Despite this improvement, the year 2018 was marked by the decline in formal employment, in a moderate recovery scenario of the year. ;activity. IBGE showed that formal contract employment rose by 0.1% in the fourth quarter compared to the third, reaching 32.997 million people. However, compared to the same period in 2018, there was a decrease of 1.0%.

The number of people without an official contract in the private sector reached 11.542 million, an increase of 0.3% in three months. between July and September, up 3.8% over the same period last year

IBGE also reported that the worker's average income reached 2,254 reais during the quarter until December, compared with 2,237 a year during the same period in 2017.

In 2018, Brazil opened 529,554 official positions, creating jobs for the first time since 2014, according to data from the Ministry of Finance. the economy

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