47.1% of Brazilians expect professional improvement

Most of the population (47.1%) expects professional improvements in the next six months, the highest rate since April 2020, according to a survey by the National Confederation of Commerce in Goods, Services and Tourism (CNC). The professional perspective indicator showed an increase of 1.4% in September.

The current job satisfaction rate also increased by 1.2% in the month and 25.3% over the previous 12 months. Increased optimism about the professional situation of Brazilians boosted household consumption intention (ICF), which reached 84.4 points in September 2022, an increase of 1.4%.

The indicator outperformed the same month’s results in the previous two years and maintained the upward trend that started in January this year. In the year-to-year comparison, there was a 16.5% increase, with only a decline in the evaluation of the time to buy durable goods, which fell 0.2% due to the rise in interest rates over the period.

“Families are optimistic about keeping their jobs and have good expectations about their professional situation, which should lead to a scenario of increased consumption in the coming months,” analyzes CNC President José Roberto Tadros.

unemployment and income

According to data from the Brazilian Institute of Geography and Statistics (IBGE), the current unemployment rate stands at 9.1%, the lowest rate since the last quarter of 2015. Since the beginning of the year, the balance between hiring and layoffs is positive – 6 .42% increase in July 2022, compared to 2021, according to the General Register of Employees and Unemployed (Caged).

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After positive labor market results, the second most influential component of the ICF in September was the current income rating, which reached 99.1 points in September, up 2.1% in the month. For families with an income below 10 minimum wages, the increase was 2.2%.

“The appreciation of Auxílio Brasil and the recovery of some of its purchasing power as a result of the deflations in July and August contributed to this,” explains the CNC economist responsible for the study, Catarina Carneiro.

Due to the progress in consumption conditions, with more favorable incomes, inflation and the labor market, the consumption outlook increased by 1.2% in the coming months.

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