Brazil Has Lost 1.1 Million Formal Jobs in Two Months of Pandemic

In April alone, the country lost 860,000 jobs, the biggest monthly fall in employment for the period in 29 years. São Paulo accounted for 336,755 dismissals.

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 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?