RIO DE JANEIRO, BRAZIL - The positive balance in job creation in May was only made possible by the performance of micro and small businesses.
The sector was responsible for generating 38,000 formal jobs (with signed employment contracts) in Brazil last month, while medium-sized and large corporations registered a negative balance, losing 7,200 workers, according to a survey by the Brazilian Micro and Small Business Support Service (Sebrae) conducted based on figures from the Ministry of Economy's General Registry of Employees and Unemployed (Caged).
In total, considering the difference between hiring and layoffs, the May Caged closed . . .