Unemployment rate in Brazil fell to 6.1%, the lowest level since 2012, while the average family income reached R$3,285, reflecting growth of 3.4%
The recovery of the job market and the increase in family income in 2024 resulted in significant growth in services provided to families, which reached the highest level since February 2015. According to IBGE’s Monthly Services Survey (PMS), in November, these services showed an increase of 1.7% compared to October. Between May and November 2024, the services sector recorded an accumulated growth of 6.7% compared to the same period of the previous year. In 2023, the increase was 6.6%. “The greater frequency and intensities of fees in this sector in 2024 may be linked to improvements in the job market and income level, meaning that more people will be able to consume services such as restaurants, accommodation, gyms, shows, etc.” , assesses Rodrigo Lobo, research manager.
The unemployment rate in Brazil fell to 6.1%, the lowest level since 2012, while the average family income reached R$3,285, reflecting growth of 3.4% in one year. Revenue totaled R$332.7 billion, an increase of 7.2% compared to the previous year.
*Report produced with the help of AI
Published by Matheus Oliveira
