Brazil Creates Fewer Formal Jobs Than Expected in April
Brazil's April Job Creation Falls Short of Expectations
Brazil's economy created a net 85,888 formal jobs in April, data from the Labor Ministry showed on Thursday, well below the 230,000 net openings expected by economists in a Reuters poll.
Detailed Figures
The net figure accounts for 2,268,655 jobs opened and 2,182,767 closed during the period, the ministry said. Job creation was the slowest for any month so far this year and marked the weakest April performance since 2020.
Yearly Comparison
From January to April, a net of 699,762 formal jobs were created in Brazil, an about 23% decline year-over-year.
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