Economic Indicators

Brazil’s formal job creation falls short of expectations in October

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2024.11.27 13:21

BRASILIA (Reuters) – Brazil created a net 132,714 formal jobs in October, data from the labor ministry showed on Wednesday, below the 200,000 forecast in a Reuters poll of economists.

The figure accounts for 2,222,962 new jobs and 2,090,248 jobs closed.

© Reuters. FILE PHOTO: People look at job listings posted on a light pole in downtown Sao Paulo, Brazil, September 30, 2020. REUTERS/Amanda Perobelli/File Photo

October marked the lowest net result for a month since December, when Brazil closed some 451,000 jobs, according to adjusted data.

From January to October, a net 2,117,473 jobs were created, up from 1,784,662 in the year-ago period.

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