Brazil adds 33.6 thousand new formal jobs in May

Brazil adds 33.6 thousand new formal jobs in May

Chamber Articles Category: Economic News Post Date: 06/22/18 Source: BrazilGovNews By: BrazilGovNews
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In the wake of the series of measures implemented by the federal government to lift the economy out of the recession, Brazilians are starting to feel the practical results of the recovery in their everyday lives. Data from the General Register of Employed and Unemployed Persons (Caged) has revealed positive formal job growth for the fifth consecutive month in the country.

Formal job creation (i.e. total hirings minus dismissals) stood at 33.6 thousand in May, for a total positive balance of 381.1 thousand formal jobs added so far this year. Also importantly, the labour market saw positive results in four out of Brazil’s five geographic regions, showing widespread improvement. The Northeast led the ranking (+30.8 thousand jobs), followed by the South (+10.7 thousand) and North (+3.9 thousand). Read Full Article