Fear of unemployment lower among Brazilians

The Fear of Unemployment Index reached 51.2 points in September, down 6.7 from June, the National Confederation of Industry (CNI) announced today (Oct. 11). In the same period, another index, Satisfaction with Life, rose 2.5 points, reaching 67.

Despite the reduced Fear of Unemployment and the rise in Satisfaction with Life, the scene is still dire, the CNI reported, as the Fear of Unemployment Index is 13 points above the historic average, which stands at 48.2 points. The Satisfaction with Life Index is also below the 70-point historic average.

According to the survey, fear of unemployment is higher among people with a family income of up to two minimum wages ($547.86), for whom the indicator was reported at 69.9 in September.

As for education, fear of unemployment is higher than the average among people who graduated from high school (64 points).

Satisfaction with life

Low-income Brazilians are also the least satisfied with life. Among those earning up to a minimum wage ($273.93) a month, the index stands at 65 points. Among those with an income of more than five minimum wages ($1,369.65), the rate reached 70.9 points in September.

The CNI heard 2,002 people in 143 municipalities between 20 and 25 September. The two indicators range from 0 to 100 points.

Translated by Fabrício Ferreira