LatinNews Daily - 29 May 2026

*Brazil’s national statistics institute (Ibge) has released its latest figures for unemployment, showing a national jobless rate of 5.8% for the rolling quarter of February-April 2026, equivalent to 6.3m unemployed people. This is down from the 6.6% unemployment rate registered for February-April 2025 but up from 5.4% in the rolling quarter of November 2025-January 2026. In a press release, the Ibge attributed the quarterly rise in unemployment to seasonal factors in certain sectors such as retail and services, suggesting that temporary contracts from the latter months of 2025 were not renewed in 2026. Meanwhile, the government’s labour ministry released new figures showing that net job creation in April this year had slowed. A total of 85,888 new jobs were created in April, resulting from 2.27m new hires and 2.18m dismissals. This latest job creation figure marks a significant decrease from the net 268,689 new jobs created in February and 227,974 jobs in March. It is also down year-on-year compared to the net 238,216 new jobs created in April 2025.

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