Leading Indicator of Unemployment shows biggest result since July

The Leading Indicator of Unemployment (ICD) of the Brazilian Institute of Economics of Fundação Getulio Vargas (FGV/IBRE) presented a 1.7% increase in February compared to the previous month, considering data free of seasonal influences. This is the fourth positive indicator and the highest since July 2013, signaling a resurgence in the labor market for the first quarter of 2014. The categories that contributed most to the increase in the ICD in February were the consumers with family income up to R$ 2,100.00, whose Job Indicator (inverted) changed 3.2%, and those with incomes between R$ 4,800, 00 and R$ 9,600.00, with a change of 2.7%.The ICD is composed of the data broken down into four categories of family income, according to the Consumer Survey's requisites, which seeks to capture the perception about the present situation of the labor market. For more information, please visit IBRE's website. (this release is avaiable in Portuguese).