Economic Indicators

Brazil govt says country created 278,639 net formal jobs in August, above expectations

2022.09.29 11:00

[ad_1]


© Reuters. Young men look at job listings posted on a street in downtown Sao Paulo, Brazil April 24, 2019. REUTERS/Amanda Perobelli

BRASILIA (Reuters) – Brazil created more formal jobs than expected in August, official data showed on Thursday, continuing a sequence of positive data that has been fueling the economy.

According to Labor Ministry figures, the net gain reached 278,639 formal jobs in August, above the expected 268,700 in a Reuters poll with economists.

All months this year posted net job expansion, but the August performance came below the 388,267 figure from the same month in 2021, according to a series based on adjusted data.

The government has argued that the booming labor market and the increase in private investment have helped spur economic growth in Latin America’s largest economy this year.

Earlier on Thursday, the central bank improved its forecast for 2022 GDP to a 2.7% growth, from 1.7% earlier, matching the performance expected by the Economy Ministry.

Once again, all five groups of economic activities registered job creation in August, led by the services sector (+141,113), which is strongly recovering after a severe blow from the pandemic.

The average monthly salary of the new jobs created in the month was 1,950 reais ($361.38), up 1.52% from July, the ministry said.

Formally registered workers in Brazil grew by 0.66% to 42.5 million in August. Data do not include the nearly 40 million undocumented workers who do not have formal employment registration in the country.

($1 = 5.3960 reais)

[ad_2]

Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,018.24 0.99%
ethereum
Ethereum (ETH) $ 1,942.77 1.00%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.29 1.30%
bnb
BNB (BNB) $ 622.96 1.82%
solana
Solana (SOL) $ 125.77 0.70%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.706435 1.05%
dogecoin
Dogecoin (DOGE) $ 0.168828 1.36%
tron
TRON (TRX) $ 0.241783 9.51%
staked-ether
Lido Staked Ether (STETH) $ 1,940.33 0.94%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,888.21 0.85%
leo-token
LEO Token (LEO) $ 9.76 0.42%
chainlink
Chainlink (LINK) $ 13.99 0.04%
the-open-network
Toncoin (TON) $ 3.59 3.13%
usds
USDS (USDS) $ 1.00 0.07%
stellar
Stellar (XLM) $ 0.27633 2.27%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,327.06 1.06%
hedera-hashgraph
Hedera (HBAR) $ 0.18918 0.39%
pi-network
Pi Network (PI) $ 1.17 11.29%
avalanche-2
Avalanche (AVAX) $ 19.10 1.54%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 2.12%
sui
Sui (SUI) $ 2.31 2.42%
mantra-dao
MANTRA (OM) $ 7.00 0.65%
litecoin
Litecoin (LTC) $ 90.30 1.22%
polkadot
Polkadot (DOT) $ 4.48 3.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 335.03 0.02%
bitget-token
Bitget Token (BGB) $ 4.64 4.57%
ethena-usde
Ethena USDe (USDE) $ 0.999542 0.04%
weth
WETH (WETH) $ 1,943.44 1.14%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998664 0.30%
hyperliquid
Hyperliquid (HYPE) $ 14.43 10.12%
whitebit
WhiteBIT Coin (WBT) $ 28.16 1.15%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,066.53 1.13%
monero
Monero (XMR) $ 207.97 2.14%
uniswap
Uniswap (UNI) $ 6.45 3.04%
susds
sUSDS (SUSDS) $ 1.04 0.07%
aptos
Aptos (APT) $ 5.37 1.12%
okb
OKB (OKB) $ 53.29 1.22%
dai
Dai (DAI) $ 1.00 0.04%
near
NEAR Protocol (NEAR) $ 2.59 1.42%
pepe
Pepe (PEPE) $ 0.000007 1.76%
internet-computer
Internet Computer (ICP) $ 5.83 0.64%
mantle
Mantle (MNT) $ 0.810348 0.15%
gatechain-token
Gate (GT) $ 22.08 0.21%
ethereum-classic
Ethereum Classic (ETC) $ 17.93 1.13%
ondo-finance
Ondo (ONDO) $ 0.845633 1.05%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.89 2.17%
aave
Aave (AAVE) $ 172.76 0.69%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,043.25 0.91%