FX.co ★ Brazil Unemployment Rate Comes Above Expectations

Brazil’s unemployment rate averaged 5.8% in the moving quarter to February 2026, slightly above market expectations of 5.7%, yet still the lowest rate on record for this period. The figure compares with 6.8% in the same period a year earlier and 5.2% in the moving quarter ending November of last year, a period that typically benefits from seasonally lower unemployment.