RIO DE JANEIRO, BRAZIL - While the formal employment survey by the Ministry of Economy, the CAGED, found a decline in the rate of layoffs of workers with a signed worker's record book, in June, the IBGE (Brazilian Institute of Geography and Statistics) Continuous PNAD (Continuous National Household Sample Survey) reports that the impact of the Covid-19 pandemic on the labor market is still devastating.
During the second quarter this year, the first completely under the impact of the health crisis, 8.9 million people lost their jobs.
According to economist Daniel Duque, a researcher in the area of . . .