BRASILIA (Reuters) – Brazil’s economy created a net 131,811 formal jobs in May, Labor Ministry data released on Thursday showed, falling short of the 200,000 forecast in a Reuters poll of economists. The figure accounts for 2,116,326 admissions and 1,984,515 jobs closed, and was the worst for any May since 2020, when a net 398,294 jobs were lost during the COVID-19 pandemic. The number of formal hires was affected by historic flooding in Brazil’s southernmost state of Rio Grande do Sul, said Paula Montagner, undersecretary of statistics at the ministry. If not for that, net positions created would have matched the 155,704 in May 2023, she said. All economic segments covered by the data s
Hence then, the article about brazil creates fewer formal jobs than expected in may by reuters was published today ( ) and is available oncanadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Brazil creates fewer formal jobs than expected in May By Reuters )