RIO DE JANEIRO, BRAZIL - The Lagging Employment Indicator, released October 7th in Rio de Janeiro by the Brazilian Institute of Economics (IBRE) of the Getúlio Vargas Foundation (FGV), shows that the perception of the labor market in the country remains negative.
Despite an increase of 7.2 points in September to 82.0 points, the fifth consecutive month of growth, there was a deceleration in the indicator from July. According to the FGV, in quarterly rolling averages, the Lagging Employment Indicator progressed 8.4 points, to 74.3 points.
Rodolpho Tobler, economist at FGV/IBRE, explains that the September . . .