Brazil Formal Job Creation Tops All Estimates in Win for Lula

Brazil Formal Job Creation Tops All Estimates in Win for Lula

Brazil created more formal jobs than expected in February, handing President Luiz Inacio Lula da Silva a win while testing views that Latin America’s largest economy is quickly slowing down.

Vinicius Konchinski, from Brasil de Fato February 2025 was the month in which the national economy generated the most formal jobs in history. There were 431,995 formal jobs created in the country, more than triple the 144,000 jobs created in January and 40% more than the 307,000 jobs created in […]

Brazil’s Unemployment Rate Rises But Job Creation Remains Strong

Brazil's unemployment rate rises but job creation remains strong

Marinho said that February's numbers are a result of the country's investment and reindustrialization policy. The post Creation of jobs with formal employment records is a record, but most are up to 1.5 minimum wages appeared first on Monitor Mercantil.

Employment with a formal contract reached a record level for workers in the quarter ended in February, according to data from the Continuous National Household Sample Survey (PNAD Continuous), initiated in 2012 by the Brazilian Institute of Geography and Statistics (IBGE). The quarter ended in February showed an opening of 432,000 vacancies with a formal contract in the private sector. Compared to the same quarter of 2024, 1.565 million vacancie…

Labor Minister refutes pessimistic forecasts from economists and ironizes experts who miscalculated employment projections. The Ministry of Labor and Employment announced this Friday (28) that 431,995 vacancies with a formal contract were created in February, the number is the best in the historical series, according to data from the General Register of Employed and Unemployed (Caged). PNAD: Income breaks record in February, despite high inflat…