Brazil opens 135,495 formal jobs in November, shows Caged

The Brazilian labor market recorded a net opening of 135,495 formal jobs in November. With this, the balance of hiring in the accumulated in 2022 was positive in 2,466,377 positions.

The data are part of the new General Register of Employees and Unemployed (Caged) and were released this Wednesday by the Ministry of Labor and Social Security.

The November result was below the median estimate of financial institutions, asset managers and consultancies, for a net opening of 143,000 jobs, according to Valor Data. The projections, all positive, ranged from 125,000 to 229,800.

In the penultimate month of 2022, 1,747,894 admissions were registered against 1,612,399 dismissals.

November’s net result was worse than that recorded in the same month of 2021, when 313,773 vacancies were created. In 2020, Caged underwent methodological changes, and experts say that it is not appropriate to compare current data with those of the previous historical series, which goes until 2019.

In the accumulated of 2022, there were 21,230,904 admissions and 18,764,527 dismissals. The net result was worse than that recorded in the same period of 2021, when 3,070,285 vacancies were created. For this year as a whole, the market’s median projection is for the opening of 2.1 million jobs, according to Valor Data.

Two of the five sectors of the economy had a net opening of formal jobs in November.

There was a net opening in trade, repair of motor vehicles and motorcycles (105,969) and services (92,213). But there were net closures in agriculture, forest production, fishing and aquaculture (18,211), general industry (25,707) and construction (18,769).

Four of the five regions of the country had a positive balance of creation of formal job vacancies in the period: Southeast (84,164), South (20,750), Northeast (29,213) and North (3,055). On the other hand, the Midwest lost 773 vacancies.

In the accumulated result for this year, the result was positive in the five regions: Southeast (1,191,630), South (411,636), Northeast (435,055), North (145,485) and Midwest (267,791).

In November, Brazil netly generated 10,809 new intermittent jobs, a modality created by the labor reform that allows work on alternate days or for specific hours. The number was the result of 27,686 admissions and 16,877 dismissals.

In the so-called part-time regime, 16,386 admissions were registered and 13,456 were dismissed, generating a positive balance of 2,930 vacancies.

With information from Valor Econômico

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