Unemployment stands at 6.5% in the euro zone and drops to 5.2% in Brazil
In the euro zone, the rate remains stable and above consensus; In Brazil, IBGE records the lowest level in the series started in 2012 for the period.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
The euro zone's unemployment rate was 6.5% in September, unchanged from August, according to InfoMoney. The data was released by Eurostat this Friday, the 30th, and came above what analysts consulted by FactSet expected, 6.4%. This projection, however, was based on the original rate from August, before the revision.
In absolute numbers, the region had 11.555 million unemployed people in September, 122 thousand more than in August. The stability of the percentage therefore coexists with more people out of work, and this calls for caution when reading the table.
On the same day, the euro zone released GDP for the third quarter. FactSet analysts predicted an increase of 0.2%, and the market usually reads employment and activity together, as the two indicators together give the dimension of the region's economic moment.
In Brazil, the IBGE also released the Pnad Contínua this Friday, the 30th. According to Money Times, the unemployment rate was 5.2% in the quarter up to September, compared to 5.4% in the quarter up to June and 5.6% in the same quarter of 2025. It is the lowest level in the series started in 2012 for the period.
The Broadcast median projected 5.2%, after a previous estimate of 5.3%, according to the same vehicle. The number was, therefore, in line with expectations, and the drop reinforces the tightness of the Brazilian job market.
What changes for the investor
For those who invest, the message has two sides. In Europe, stable and above-expected employment rules out, for now, the reading of abrupt deterioration, but the rate of 6.5% remains above the Brazilian rate. In Brazil, unemployment at the lowest level in the series for the period could support wages and pressure prices, which keeps attention on interest rates. Anyone who follows the stock market, interest rates and the dollar should observe the next inflation data and the communication of monetary policy, without drawing definitive conclusions from a single quarter.
Automatically translated from Portuguese.
