Unemployment drops to eight.3% in October, with a file variety of employees with no formal contract

Unemployment drops to eight.3% in October, with a file variety of employees with no formal contract

The unemployment rate in the August-October quarter was 8.3%, according to data from Pnad Contínua (Continuous National Household Sample Survey) released today by the IBGE (Brazilian Institute of Geography and Statistics). The number is equivalent to 9 million people.

This is the lowest unemployment rate for the period since 2014. The number of unemployed Brazilians fell to the lowest level since July 2015.

Compared to the previous quarter, from May to July, there was a decrease of 0.8 percentage points. In that same period, the average monthly income rose 2.9%, and reached R$ 2,754.

Informality: The number of workers without a formal contract hit an all-time high. There are 13.4 million Brazilians in this situation, an increase of 2.3% (297 thousand people) in relation to the previous quarter, and of 11.8% (1.4 million people) in the year. The informality rate stood at 39.1% of the employed population, lower than the previous quarter, when it was 39.4%. The number of informal workers reached 39 million.

The number of employees with a formal contract totaled 36.6 million, rising 2.3% (822 thousand people) compared to the previous quarter.

The number of employees in the public sector was another to break the record of the historical series, reaching 12.3 million, with growth of 2.3% in the quarter (279 thousand people).

The number of self-employed workers dropped to 25.4 million people, down 1.8% (462 thousand people) in the quarter.

Busy record: The contingent of employed persons in the country reached 99.7 million, an increase of 1% (1 million persons) in the quarter, breaking a new record in the historical series, started in 2012.

For the survey coordinator, Adriana Beringuy, the numbers consolidate a growth trend. “This moment of occupancy growth has been underway since the second half of 2021. With the approach of the last months of the year, a period in which there is historically an increase in job creation, the trend continues”, she said.

The mass of workers’ earnings broke the record of R$ 269.5 billion, growing 4% in the quarter and 11.5% in the annual comparison.

Difference between Pnad and Caged

The Ministry of Labor released data from the Caged (General Register of Employed and Unemployed) yesterday, which showed that the country opened 159,000 new jobs in October. The data, however, refer only to contracts governed by the CLT, and the companies themselves fill in the information in a specific system.

The IBGE Pnad is broader, and comprises the informal labor market. The survey is carried out with interviewers, who ask about the work situation of a sample of the population.

Methodology

Pnad Contínua is the main instrument for monitoring the workforce in the country. The survey sample per quarter in Brazil corresponds to 211,000 households surveyed. About two thousand interviewers work on the survey, in 26 states and the Federal District.

Source: UOL

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