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 for a position that — in all likelihood — would not exist in the first place. Now, as Brazil’s coronavirus curves appear to show a slowdown in the spread of the disease,...
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