Brazil opens 372,265 jobs in August -IBGE survey

RIO DE JANEIRO, BRAZIL – The expectation in a Reuters poll was for the opening of 272,500 jobs. The data also came above the creation of vacancies in August last year, when 249,388 jobs were opened, in the series without adjustments.

In August, the data were positive in the five economic activities groups, with a highlight to the services sector, the most affected by the Covid-19 pandemic, with the opening of 180,660 jobs. Next come trade (+77,769 jobs), general industry (+72,694), construction (+32,005), and agriculture and cattle-raising (+9,232).

In 2021, 2,203,987 formal jobs were opened, compared with 849,387 in the same period last year.

Recently, the Economy Minister, Paulo Guedes, pointed out that Brazil was heading for the creation of 3 million jobs since the bottom of the well with the Covid-19 crisis.

In contrast to the Caged data, the IBGE’s Pnad survey, which also considers informal jobs, showed that the country still had 14.4 million people without work at the end of the second quarter.

In the quarter to June, the unemployment rate reached 14.1%, an improvement over the percentage of 14.6% in the three months to May, pointed out the latest survey data.

The day before, the Central Bank said in its Monetary Policy Committee (Copom) minutes that given the difference between the leading formal employment indicators – the Continuous National Household Sample Survey (Pnad Contínua) and the New Caged, with the latter showing a more robust recovery than the former – “the difficulty in assessing the actual state of the labor market remains.

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