This paper will analyze the situation of the Brazilian labor market, emphasizing the period since the beginning of the neoliberal structural adjustments (1990). It will first discuss the issue of unemployment and the phenomenon of globalization. Such an analysis will begin by addressing with the role of the technological revolution and its impact in shaping the new world of labor. The analysis will continue with a brief discussion of international economic history as a context for understanding the new international division of labor and its effects on labor markets worldwide. Then, this study will focus upon three neoliberal structural adjustments in Brazil: trade liberalization, stabilization of the economy and privatization. Finally, this paper will provide conclusions about the effect of globalization on the Brazilian labor market during the 90’s.