Record Informal Employment Cuts Brazilian Economy’s Productivity

Brazil currently has 38.8 million informal workers, a record number, corresponding to 41.4 percent of the workforce. The job vacancies generated between 2018 and 2019, nearly all of which are informal, pay less and are less productive, characterized as "temporary jobs".

RIO DE JANEIRO, BRAZIL - The record informality in the labor market is contributing to a drop in the productivity of the Brazilian economy, which is slowly recovering from the recession experienced between 2014 and 2016.

Under normal circumstances, when an economy grows and creates . . .

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