Business

Brazil’s unemployment rises as isolation goes down

Brazil's expected "job apocalypse" has yet to occur. But as people leave isolation, unemployment rates are shooting up

unemployment isolation brazil
Street market in Paraná. Photo: Jair Ferreira Belafacce/Shutterstock

Back in April, our Explaining Brazil podcast discussed the risks of a “job apocalypse” in Brazil. While data supporting that analysis has appeared — in June, more than half of Brazilian workers were out of a job — the full effects of the coronavirus crisis on the job market will only be felt in the coming months, as Brazilians continue to leave self-confinement in droves and pursue new jobs. 

Unemployment figures only account for people who are actively looking for a job. And due to health concerns and a depressed economy, millions out of work did not even bother to look...

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