FX.co ★ Brazil Unemployment Rate Rises in 1st Quarter of 2025

In the first quarter of 2025, Brazil experienced a rise in its unemployment rate, reaching 7%, the highest since the quarter ending in May of the previous year. This was an expected increase from the 6.2% recorded in the last quarter of 2024. The number of unemployed individuals rose by 13.1% compared to the previous quarter, totaling 7.7 million people, while the employed population decreased by 1.3%, resulting in 102.5 million employed. Concurrently, the number of individuals not participating in the labor force grew by 1.2% to 67 million. On a positive note, real income increased by 1.2%, amounting to R$3,410.