IBOV 176,608.23 ▼ 13.88% IPC MEX 69,470.99 ▼ 0.58% MERVAL 2,848,945 — — USD/BRL5.41▼ 0.12% USD/MXN18.61▲ 0.20% USD/CLP988.50▼ 0.06% USD/COP3,147▲ 3.00% USD/PEN3.44▼ 0.10% USD/ARS1,541▼ 0.02% USD/UYU40.08▲ 3.22% USD/PYG5,735▲ 2.55% USD/BOB11.82▲ 3.62% USD/DOP61.14▲ 2.83% USD/CRC450.04▲ 1.86% USD/GTQ7.64▲ 3.18% USD/HNL26.87▲ 3.38% USD/NIO36.62▲ 2.81% USD/VES885.08▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.19▲ 2.96% USD/TTD6.73▲ 2.39% EUR/BRL6.03▲ 8.98% BRENT 110.80 ▼ 4.33% WTI 101.79 ▲ 0.03% IRON ORE 161.91 — — COPPER 6.61 ▲ 1.57% GOLD 4,010 ▼ 0.70% SILVER 53.29 ▼ 1.51% SOY 1,257 ▲ 1.27% CORN 453.75 ▼ 0.27% WHEAT 616.00 — 0.00% COFFEE 298.95 ▼ 0.66% SUGAR 19.11 ▲ 0.05% ORANGE JUICE 136.15 ▼ 2.61% COTTON 78.48 ▼ 0.73% COCOA 5,518 ▲ 0.51% BEEF 231.20 ▲ 0.58% CATTLE 348.60 ▲ 0.08% LITHIUM 61.27 ▲ 0.97% PETR4 53.88 — 0.00% VALE3 64.38 — 0.00% ITUB4 41.70 — 0.00% BBDC4 15.95 — 0.00% ABEV3 15.37 — 0.00% BBAS3 17.47 — 0.00% B3SA3 15.07 — 0.00% WEGE3 44.53 ▲ 4.21% PRIO3 71.14 ▼ 3.60% SUZB3 47.40 — 0.00% RENT3 31.67 — 0.00% AZZA3 16.53 ▼ 35.23% CSAN3 2.77 — 0.00% RAIZ4 0.34 — 0.00% PCAR3 2.30 — 0.00% GMAT3 3.66 — 0.00% PSSA3 48.18 — 0.00% CVCB3 0.98 — 0.00% POSI3 3.59 — 0.00% SLCE3 17.45 ▼ 0.23% NATU3 5.91 — 0.00% BRKM5 3.18 — 0.00% RANI3 7.38 — 0.00% CSNA3 5.01 ▼ 17.46% IBOV 176,608.23 ▼ 13.88% IPC MEX 69,470.99 ▼ 0.58% MERVAL 2,848,945 — — USD/BRL 5.41 ▼ 0.12% USD/MXN 18.61 ▲ 0.20% USD/CLP 988.50 ▼ 0.06% USD/COP 3,147 ▲ 3.00% USD/PEN 3.44 ▼ 0.10% USD/ARS 1,541 ▼ 0.02% USD/UYU 40.08 ▲ 3.22% USD/PYG 5,735 ▼ 0.44% USD/BOB 11.82 ▲ 3.62% USD/DOP 61.14 ▲ 2.83% USD/CRC 450.04 ▼ 0.53% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.87 ▲ 3.38% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.19 ▲ 2.96% USD/TTD 6.73 ▲ 2.39% EUR/BRL 6.03 ▲ 8.98% BRENT 110.80 ▼ 4.33% WTI 101.79 ▲ 0.03% IRON ORE 161.91 — — COPPER 6.61 ▲ 1.57% GOLD 4,010 ▼ 0.70% SILVER 53.29 ▼ 1.51% SOY 1,257 ▲ 1.27% CORN 453.75 ▼ 0.27% WHEAT 616.00 — 0.00% COFFEE 298.95 ▼ 0.66% SUGAR 19.11 ▲ 0.05% ORANGE JUICE 136.15 ▼ 2.61% COTTON 78.48 ▼ 0.73% COCOA 5,518 ▲ 0.51% BEEF 231.20 ▲ 0.58% CATTLE 348.60 ▲ 0.08% LITHIUM 61.27 ▲ 0.97% PETR4 53.88 — 0.00% VALE3 64.38 — 0.00% ITUB4 41.70 — 0.00% BBDC4 15.95 — 0.00% ABEV3 15.37 — 0.00% BBAS3 17.47 — 0.00% B3SA3 15.07 — 0.00% WEGE3 44.53 ▲ 4.21% PRIO3 71.14 ▼ 3.60% SUZB3 47.40 — 0.00% RENT3 31.67 — 0.00% AZZA3 16.53 ▼ 35.23% CSAN3 2.77 — 0.00% RAIZ4 0.34 — 0.00% PCAR3 2.30 — 0.00% GMAT3 3.66 — 0.00% PSSA3 48.18 — 0.00% CVCB3 0.98 — 0.00% POSI3 3.59 — 0.00% SLCE3 17.45 ▼ 0.23% NATU3 5.91 — 0.00% BRKM5 3.18 — 0.00% RANI3 7.38 — 0.00% CSNA3 5.01 ▼ 17.46%
since 2009
Tuesday, October 27, 2026

Business - Brazil Rio de Janeiro

Brazil’s Labor Market Loses Over 1.5 Million Posts in 2015

By · September 19, 2016 · 2 min read

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Due to the economic recession Brazil lost over 1.5 million formal job positions in 2015, according to the country’s Labor Ministry, registering the worst result in thirty years. The government, however, is trying to reform labor laws to create opportunities, says Labor Minister, Ronaldo Nogueira.

Workers with formal contracts and documents decreased in 2015
Workers with formal contracts and documents decreased significantly in 2015, photo by Marcos Santos/USP Images
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

“We have around twenty million (Brazilian workers) who have no work address to work. Brazilians who are out on the streets of their cities seeking an opportunity to work and do not find this opportunity. We need to create jobs with income, either through the formal work, or on their own,” said Nogueira during an event on Friday.

According to the Minister the government will be working on three fronts: updating labor legislation, encouraging collective bargaining and outsourcing. All discussions, however, will not threaten the rights of workers, emphasized the official.

At the beginning of September, local media announced that the Temer government was discussing labor reform which would include the authorization of twelve-hour work shifts. Rumors of possible loss of workers’ rights quickly filled social media networks causing such a commotion that government officials, including the President himself, were forced to quickly reiterate that there would be no withdrawal of rights.

According to the Annual Social Information Report (Rais), released Friday, the number of Brazilians formally in the labor market fell by 3.05 percent last year, with the number of people employed falling from 49.6 million at the end of 2014 to 48.1 million at the end of 2015.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Brazil stocks plunge 13.9% in one day after Lula win”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

The report shows that the sector which registered the greatest decline in its labor force was industry, with a decline of over 604,000 jobs, followed by construction with a loss of over 393 thousand positions. The only sector which registered a growth of its labor force was the agriculture sector, with an expansion of almost 21,000 posts in 2015.

Editorial responsibility: Matthias Camenzind, Editor-in-Chief · Editorial standards · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.