The number of people out of work in the Brazil reached record levels in the quarter that ended in February, as 13.5 million people are out of work, according to the Brazilian Institute of Geography and Statistics (IBGE). Compared to the last quarter, the number of people out of work grew by more than 1.4 million (11.7%). In comparison with February 2016, the number of unemployed people is 3.2 million. For the national household survey (PNAD), the unemployment rate was at 13.2%, also the highest level since the sample began.
In the private sector, the number of employees with a formal contract totalled 33.7 million, around 337,000 fewer than in November 2016. In relation to February 2016, 1.1 million fewer people with a formal contact. Private sector workers without a formal contract totalled 10.3 million in February – 531 thousand more than in the same quarter of 2016. There are 2.2 million self-employed people in Brazil, decreasing by 1.1 million against February 2016.
The average real income in Brazil was R$ 2,068, virtually stable against the last quarter when it stood at R$ 2,049.