FX.co ★ Brazil Unemployment Rate Falls to 6.2%

In the three months leading up to May 2025, Brazil's unemployment rate declined to 6.2%, a drop from 6.8% in the previous quarter ending February, marking the lowest rate in a year and surpassing market predictions of 6.4%. Employment figures increased by 1.2%, reaching 103.9 million individuals, with notable growth in the private sector employment, where the workforce with formal contracts surged to a record 39.8 million. Concurrently, the number of unemployed individuals decreased by 8.6% since February, amounting to 6.8 million. The size of the population not participating in the labor force remained relatively unchanged at 66.7 million. Additionally, real income levels held steady during this period, averaging R$3,457.