Brazil Posts Biggest Formal Job Gain for July Since 2012

Economy Minister Paulo Guedes said he was “excited” by the “extraordinary” figures.

RIO DE JANEIRO, BRAZIL - Brazil posted its strongest July job growth in eight years, official figures showed on Friday, snapping four consecutive months of job losses as the country continued to relax the coronavirus-fighting lockdown measures from earlier in the year.

The addition of a net 131,010 formal jobs in July was driven by industry and construction, which together accounted for over 70 percent of the overall gains, followed by retail and agribusiness.

Services continued to shed jobs, the economy ministry said.

Over 1 million jobs were created, while 912,640 positions were lost.

July’s figures followed . . .

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