Brazil Loses Almost 332,000 Formal Jobs in May, CAGED Reports

In the first five months of the year, 1,144,875 positions were lost, in the adjusted series.

RIO DE JANEIRO, BRAZIL - According to data from the National Register of Employees and Unemployed (CAGED) released on Monday, June 29th, Brazil had a net loss of 331,901 jobs with a signed worker's record book in May.

The result is the difference between hirings, which totaled 703,921, and dismissals, totaling 1,035,822, amid the Subscribe to our Premium Membership Plan. Already Subscribed?