RIO DE JANEIRO, BRAZIL - Heavily impacted by the crisis triggered by the coronavirus pandemic, the Brazilian labor market lost 1.1 million formal jobs in March and April this year, according to data from the General Registry of Employees and Unemployed (CAGED) released on Wednesday.
Brazil started implementing the required isolation measures to contain the spread of Covid-19 during this time, leading to the temporary shutdown of service sectors.
Job cuts began in March, with the loss of 240,702 jobs, but intensified in April, when 860,503 jobs were cut. This was the worst result in April since . . .