RIO DE JANEIRO, BRAZIL – Brazil opened a net 253,083 formal jobs in October, a drop of 30.9% over the performance recorded in the same month of 2020, according to the General Cadastre for Employed and Unemployed (Caged) released on Tuesday by the Ministry of Labor and Social Security.
In October last year, the creation had been 366,295 jobs, according to the adjusted Caged series. The result was also below the net creation of 270,000 jobs projected by analysts in a Reuters poll.
Brazil creates 253,083 formal jobs in October. This was the weakest monthly performance since April, when 82,188 jobs were opened, always in the adjusted series.
Among the five sectors mapped, only agriculture closed the month negative (-5,844 jobs). The positive highlight was the services sector, with 144,641 job openings, followed by trade (+70,355 jobs), industry (+26,697), and construction (+17,236).
From January to October, 2,645,974 jobs were opened, compared to 278,997 jobs closed in the same period in 2020, the best performance since 2010 (+2,742,001 jobs created).
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