A total of 14.1 million workers were seeking jobs, said Brazilian statistics institute IBGE.(AFP file photo. Representative image)
A total of 14.1 million workers were seeking jobs, said Brazilian statistics institute IBGE.(AFP file photo. Representative image)

Covid-19: Brazil’s jobless rate hits record 14.6%, shows report

The figure for the July-September period was the third straight record for joblessness in Brazil. The government reports unemployment numbers for rolling periods of three months.
By Agence France-Presse| Posted by: Harshit Sabarwal | Rio de Janeiro
UPDATED ON NOV 27, 2020 06:21 PM IST

Brazil’s unemployment rate has hit a record 14.6 percent as the pandemic slammed Latin America’s largest economy, the government reported Friday.

The figure for the July-September period was the third straight record for joblessness in Brazil.

A total of 14.1 million workers were seeking jobs, said Brazilian statistics institute IBGE.

Another 5.9 million have given up looking for work -- another record, and a worrying sign for the economy.

The unemployment rate was up from 11.8 percent during the same quarter last year and 14.4 percent for the June-August period in 2020.

The government reports unemployment numbers for rolling three-month periods.

The latest rate was the highest since that system was introduced in 2012.

Brazil, Latin America’s biggest country, with 212 million people, entered a recession in the second quarter of the year with a record economic contraction of 9.7 percent.

It has been hit hard by the pandemic, which has killed more than 170,000 people in Brazil, the second-highest death toll worldwide, after the United States.

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IRFC has fixed the price band for its public issue at <span class='webrupee'>₹</span>25-26 per equity share.(iStock)
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PUBLISHED ON JAN 16, 2021 02:50 PM IST
With the principal objective during the pandemic to support economic activity, Das said, "looking back, it is evident that our policies have helped in easing the severity of the economic impact of the pandemic".
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