Welcome to the “Number of the Week,” where we choose a single figure that helps understand what is going on in Brazil. This week, we show that the Brazilian labor market may be slowly improving after the Covid-19 pandemic.
- 19.5%
- boost to self-employed workers’ income during Q2 2021
Q2 2020 was the Brazilian labor market’s worst period of the Covid-19 pandemic, with job losses and falls in income across practically all sectors, genders, age groups, and educational levels – albeit to different degrees.
Now, 18 months after the health and economic crisis hit the country, the job market may have started to take baby steps towards growth.
Effective income. According to a report released by the Institute of Applied Economic Research (Ipea) this August, the average effective income of the Brazilian population has been falling since the quarter beginning in April last year. A few months later, in September 2020, it started to recover, but then the second wave of the coronavirus hit in...
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