News

Job loss rate hits 13-month low

25 de maio de 2016

Brazil shed 62,844 jobs last month. Despite being the 13th straight monthly decline, it was the smallest one.

São Paulo – Brazil shed 62,844 jobs in April. Year-to-date, 378,400 jobs were lost, the Brazilian Ministry of Labor and Social Security’s General Register of Employed and Unemployed Persons (Caged) reported this Wednesday (25th). It also said that the number of lost jobs in April was the smallest since the downward trend began in April 2015.

In a statement, Labor minister Ronaldo Nogueira said last month’s result could mean the job loss streak is dying down. “Though negative, the number points to a recovery of the market. It is possible that the second half of the year could see positive data,” Nogueira said in the statement.

In April, 1.25 people were hired and 1.32 million were dismissed. The number of jobs increased in only two out of the eight sectors surveyed: public administration and agriculture. The only region of the country where net jobs increased was the Midwest, driven by civil construction and the processing industry.

*Translated by Gabriel Pomerancblum