Generation of formal employment in Brazil has worst April of the historical series

By ETCO

22/05/2015

SAO PAULO (Reuters) - Brazil closed 97.827 formal job openings in April, the worst result for the month in the historical series and by far frustrating the expectations of analysts, according to data from the General Register of Employed and Unemployed (Caged) released by the Ministry of Labor. I work this Friday.

A Reuters survey showed that the median of expectations was to open 54 jobs. The Ministry of Labor historical series runs until May 1999.

In March, 19.282 positions had been created with a formal contract, without adjustments.

The April result was mainly influenced by the closing of jobs in the manufacturing, civil construction, commerce and services sectors. Ten of the twelve segments of the manufacturing industry had a negative performance in the period.

source: Reuters (22/05)

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