Key facts
- Brazil's unemployment rate fell to 5.8% in April.
- The rate was down from 6.1% in March.
- The figure beat the consensus estimate of 5.9%.
- Average real wages increased by 8.9% year-over-year.
- The average real wage reached a record BRL 3,732 in April.
Brazil's unemployment rate saw a notable decrease in April, falling to 5.8%. This figure represents an improvement from the 6.1% recorded in March and also surpassed market expectations, which had predicted a rate of 5.9%. Alongside the decline in joblessness, the average real wage in Brazil reached a new record high. It increased by 8.9% on a year-over-year basis, settling at BRL 3,732 in April. This combination of falling unemployment and rising real wages suggests a strengthening labor market in the South American nation.