Brazil’s Job Growth Exceeds Last Year’s Rate

Brazil's Recent Job Creation Figures

Brazil's economy has shown promising signs of job market recovery with the creation of a net 188,021 formal jobs in July, as revealed by the recent data from the labor ministry. Although slightly below economist predictions of 190,000, this figure reflects a significant improvement compared to the same period last year. To understand this better, the net figure is the result of 2,187,633 new job openings and the closure of 1,999,612 positions.