Unemployment falls to 11.9% in September, but still reaches 12.5 million people, says IBGE

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Brazil's unemployment rate fell to 11.9% in the three-month period ended September, but still reaches 12.5 million Brazilians, according to data released by the Brazilian Institute of Geography and Statistics (IBGE) on Tuesday. It was the sixth monthly drop followed and it is the lowest unemployment rate recorded in the year. The contingent of unemployed is 3.7% lower than that registered in the quarter ended in June (474 ​​thousand people less). In comparison with the same quarter last year, when there were 13 million unemployed in the country, the unemployed population fell by 3.6% (469 thousand fewer people).
The number of discouraged people (who gave up looking for work) remained stable in relation to the previous quarter, remaining at a record level of 4.8 million. In comparison with the same quarter of 2017, however, there was a 12.6% increase. IBGE data show that the fall in the unemployment rate was driven by the increase in informal or self-employment and the number of people working less hours than they would like. The number of employees with a formal contract in the private sector was classified by IBGE as stable compared to the previous quarter (positive variation of 0.4%) and also compared to the same quarter of 2017 (negative swing of 1%), bringing together 33 million people.
The number of workers without a formal contract in the private sector (11.5 million people) rose by 4.7% over the previous quarter (522 thousand more). In relation to the same quarter last year, the increase was 5.5% (601 thousand more people). The self-employed category (23.5 million people) grew 1.9% in relation to the previous quarter (432 thousand more people) and increased by 2.6% (586 thousand more) in relation to the same period of 2017 .

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