Brazil Surpasses Expectations with 137,303 New Formal Jobs in January

The Rio Times

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Brazil Surpasses Expectations with 137,303 New Formal Jobs in January

Brazil created 137,303 formal jobs in January 2025, according to the Ministry of Labor and Employment’s CAGED report released on February 26. This figure far exceeded economists’ forecasts, which had anticipated a median net creation of just 51,508 positions. The strong result came from 2,271,611 new hires and 2,134,308 dismissals during the month. Despite outperforming […]

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The commercial dollar closed at R$5.80 this Wednesday (February 26, 2025), up 0.83%. The data on formal jobs created in the country were well above what financial agents expected, which increased caution among financial agents regarding the future of interest rates. The US currency had already risen on Monday (February 24, 2025) when the Minister of Labor and Employment, Luiz Marinho, anticipated that Brazil created more than 100,000 formal jobs…

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Brazil’s January Job Growth Was 3x Higher Than Forecasted, Surprising Economists

Brazil’s economy created nearly three times as many formal jobs in January as expected, defying recent economic indicators pointing to a slowdown. According to data from the Labor Ministry released on Wednesday, Latin America’s largest economy created a net 137,303 formal jobs in January, far exceeding the 48,000 forecast in a Reuters poll of economists. The result was driven by the industrial sector, which alone created 70,428 jobs, surpassing …

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Projections pointed to the creation of 50,000 to 71,000 jobs. Compared to the same month last year, the result is 20.7% lower than that registered in the same month last year

humenglish.com

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Brazil creates almost three times the expected number of formal jobs in January

BRASILIA: Brazil's economy created nearly three times as many formal jobs in January as expected, defying recent economic indicators pointing to a slowdown. According to data from the Labor Ministry released on Wednesday, Latin America's largest economy created a net 137,303 formal jobs in January, far exceeding the 48,000 forecast in a Reuters poll of economists. The result was driven by the industrial sector, which alone created 70,428 jobs, s…

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The result raised the dollar to R$ 5,796 at the close of the stock exchange, with the market being more pessimistic about salaries and inflation