Almost 600,000 companies closed their doors, hampering job recovery in Brazil

Brazil has lost almost 600,000 employers in 2 years as a result of the pandemic, according to data from the Continuous National Household Sample Survey (PNAD).

RIO DE JANEIRO, BRAZIL - The situation concerns experts because of the ripple effect on the labor market: when a company closes its doors, the income of more than one person (owner and employees) is jeopardized.

In the second quarter of 2019, before the health crisis, Brazil had 4.369 million employers. It was the highest mark for the April through June interval in the historical series, with data starting in 2012.

The number began to decline in 2020 due to the pandemic, until it reached 3.788 million in the second quarter 2021. When compared to the same period in . . .

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