Brazil created a net 401,000 formal jobs in February; best result since 1992

The latest employment data continues with auspicious news for the Brazilian economy and shows the strength of the country's formal system.

RIO DE JANEIRO, BRAZIL -  According to data from the National Registry of Employed and Unemployed (Caged), released on Tuesday, March 30, the number of jobs created in February, i.e. the difference between those hired and fired, was 401,639.

The result is higher than February last year, in the pre-pandemic period and the best for the month since 1992. The creation of vacancies is higher than in January when 260,000 formal jobs were created. The big highlight for job creation in the period was the services sector, with 253,543 new jobs. With hirings greater than layoffs . . .

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