Brazil Creates Net 414,556 Formal Jobs in November, Setting Monthly Record High

RIO DE JANEIRO, BRAZIL – Brazil created a net 414,556 formal jobs in November, marking five consecutive months of growth and a record high for the month since 1992 when records began to be kept, the Economy Ministry said Wednesday, December 23rd.

In November, the Brazilian economy actually created 1,532,189 formal jobs, but reported 1,117,633 layoffs, the ministry said in a statement.

In October, a net 394,989 formal jobs were created, while in November 2019, only a net 99,232 formal jobs were opened up. Most new jobs in November were created in the services sector (179,261), followed by retail trade (179,077) and industry (51,457).

With these positive figures, the jobs result for the January-November period has now become positive, as a net 227,025 formal jobs have been opened up in the first 11 months of the year; prior year-to-date figures had been negative because of the effect the pandemic has had on the Brazilian economy.

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