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| | *Lewis, Jeffrey T.; Trevisani, Paulo (December 3, 2019). [https://www.wsj.com/articles/brazils-economy-expands-at-fastest-pace-in-six-quarters-11575377914 Brazil’s Economy Expands at Fastest Pace in Six Quarters]. ''The Wall Street Journal''. Retrieved December 3, 2019.</ref> | | *Lewis, Jeffrey T.; Trevisani, Paulo (December 3, 2019). [https://www.wsj.com/articles/brazils-economy-expands-at-fastest-pace-in-six-quarters-11575377914 Brazil’s Economy Expands at Fastest Pace in Six Quarters]. ''The Wall Street Journal''. Retrieved December 3, 2019.</ref> |
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| − | Bolsonaro did more using less. This is efficiency. | + | Unemployment rate fell to 8.7% in September and is the lowest in almost 10 years |
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| | + | The number of unemployed people in Brazil fell by 4 million so far this year, and by 621,000 at the end of the third quarter. The employed population rose to the highest values in history and the unemployment rate fell by almost 4 percentage points since Bolsonaro took office. |
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| | + | The economic program promoted by President Jair Bolsonaro and Economy Minister Paulo Guedes continues to yield optimistic results on the labor market. The Brazilian Institute of Geography and Statistics (IBGE) confirmed that the unemployment rate fell to 8.7% in the mobile quarter ended in September. |
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| | + | The original series of the unemployment indicator showed a sharp decline compared to the 9.3% recorded in the moving quarter between April and July. Likewise, unemployment fell by 3.9% compared to the same quarter of 2021, when it reached 12.6% of the labor force. |
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| | + | The lowest unemployment figures recorded since the third quarter of 2015 were observed. The seasonally adjusted series of the indicator, once the cyclical fluctuations of the product are discounted, marked a rate of up to 8.74% for the end of September. Again, this figure is the lowest recorded since July 2015. |
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| | + | In the Bolsonaro administration, seasonally adjusted unemployment accumulated a drop of 3.7 percentage points, compared to the level in January 2019. The Brazilian labor market was on its way to recovering all the ground lost after the severe economic and financial crisis inherited from the last PT administration under Dilma Rousseff. |
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| | + | The number of people looking for work but unable to find it totaled up to 9.5 million in the month of September. This record represents a decrease of 621,000 people compared to the previous mobile quarter, and a drop of up to 4,000,000 so far in 2022 (representing a sharp drop of 29.7% in 10 months) as officially confirmed by IBGE. |
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| | + | The employed population (both in the formal sector of the economy and in the unregistered sector) amounted to 99.3 million people in September. This is a historical record for the country, since the beginning of the measurement of the IBGE indicator in March 2012. |
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| | + | The annual comparison of the employed population shows that up to 6.3 million jobs were created in Brazil in the last 12 months, and 1 million jobs were added during the last quarterly variation. |
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| | + | Despite the economic recovery that the country has been experiencing since the second quarter of 2016, the relationship between increases in GDP and increases in employment had not been as dynamic as it is today. |
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| | + | The difference with respect to previous periods is explained by Bolsonaro's labor policy, in favor of allowing greater regulatory flexibility to promote employment in those sectors that most need work, among them the younger age segment and those people with a longer duration being unemployed. |
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| | + | Bolsonaro's labor reform takes on a preponderant role in the recovery of the labor market. The PRIORE and REQUIP programs, which inaugurated more flexible contracts that encouraged hiring in the formal sector of the economy.<ref>{{cite web|url=https://derechadiario.com.ar/economia/brasil-trabaja-la-tasa-de-desocupacion-cayo-al-87-en-septiembre-y-es-la-mas-baja-en-casi-10-anos|title=Brasil Trabaja: La tasa de desocupación cayó al 8,7% en septiembre y es la más baja en casi 10 años|date=October 28, 2022|publisher=La Derecha Diario|language=es}}</ref> Bolsonaro did more using less. This is efficiency. |
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| | Bolsonaro reduced public charges and reduced the ministries. | | Bolsonaro reduced public charges and reduced the ministries. |