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Brazil's jobless rate falls to record low in quarter through October

BY Reuters | ECONOMIC | 11/28/25 07:39 AM EST

SAO PAULO, Nov 28 (Reuters) - Brazil's jobless rate hit an all-time low in the three months through October, data from statistics agency IBGE showed on Friday, coming in below market expectations despite high interest rates.

* Unemployment in Latin America's largest economy stood at 5.4% in the August-October period, IBGE said.

* That was down from 5.6% in the previous quarter.

* The median forecast in a Reuters poll projected an unemployment rate of 5.5%.

* The figure marks the lowest level since IBGE began the series in 2012.

* Brazil's labor market has shown resilience this year, even with the country's benchmark interest rate currently at a near 20-year high of 15%.

* The indicator has been welcomed by the government but cited by the

central bank

as a factor contributing to inflationary pressures.

* The number of jobless people in Brazil was 5.91 million in the period, down 3.4% quarter-on-quarter.

(Reporting by Gabriel Araujo; Editing by Andrew Heavens)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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