Unemployment drops to 13.7% in July and reaches 14.1 million, says IBGE

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The increase in occupation was driven by employment with a formal contract and informal jobs. Self-employment and housework set records

O job market continues in the recovery process after suffering a strong impact due to covid-19 pandemic. A unemployment rate was 13.7% in the quarter ended in July, according to data from the National Household Sample Survey (PNAD Continua) of the IBGE, released this Thursday.

It is a setback compared to the 14.7% registered in the quarter ended in April, which serve as a basis for comparison, when unemployment was at a record level in the country. Even so, the country has 14.4 million people in line looking for a job.

Differences between Pnad and Caged

Pnad considers formal and informal vacancies, and data are quarterly. Caged, on the other hand, only considers jobs with a formal contract. And the disclosures always bring information referring to a single month.

Last Wednesday, data from the General Register of Employed and Unemployed Persons (Caged) were released, which showed that in August 372.3 thousand jobs were created. The result reflects the advance in the economy and the job maintenance program.

Labor market remains under pressure

Economists estimate that, as vaccination progresses in the country and the economy completes its reopening process, the number of unemployed tends to decline.

Even so, the increase in the employed population is expected to grow at a lower magnitude than the economically active population (which is employed or unemployed, but looking for work), which will return to the pre-pandemic level.

With this, the expectation is that the country will live with high levels of unemployment for a long time, since there is a mismatch between supply and demand for labor.

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palheta smll Unemployment drops to 13.7% in July and reaches 14.1 million, says IBGE

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