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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil PNAD Unemployment Rate climbed to 11.2% in April 2016
FMPMonthlyReleased May 2016
Brazil PNAD Unemployment Rate climbed to 11.2% in April 2016, released May 2016, up 0.3% from March's 10.9% reading. The reading matched expectations.
Latest Release
11.2
Actual
11.2
Consensus
10.9
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.50 | FOREX | Bullish BRL | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PNAD Unemployment Rate (Brazil) was reported at 11.2% in May 2016. This matched the market consensus of 11.2% exactly. The reading rose from the previous value of 10.9%. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/BRL (Bullish BRL). A secondary relationship exists with BTC/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 17) and CFTC BRL speculative net positions (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update May 2016.
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PNAD Unemployment Rate - BR
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About PNAD Unemployment Rate — Brazil
DEFINITION
The PNAD Unemployment Rate is a key economic indicator that measures the percentage of the Brazilian population who are actively seeking employment but are unable to find work. It is based on data collected by the National Household Sample Survey (PNAD) and provides valuable insights into the health of the Brazilian labor market. This indicator is closely monitored by policymakers, investors, and businesses as it can impact consumer spending, inflation, and overall economic growth. A low PNAD Unemployment Rate is generally seen as a positive sign of a strong and stable economy, while a high rate may indicate potential challenges and opportunities for improvement.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2016): actual 11.2 %, consensus 11.2 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.