March figures show job creation rate back on track

After three consecutive months on the wane, the creation of formal jobs in Brazil took once again an upward trend in March, with 19,282 new positions—up 0.05% from the previous month's 2,415 spaces. Data come from the General Register of the Employed and Unemployed (Caged), and were released by the Ministry of Labor and Employment on Thursday (Apr 23).

As for the year-to-date value, the result is negative (-0.12%), down 50,345 jobs. In the 12-month period, Caged posted a drop of 48,678 openings. The outcome for March 2015 is higher than its last-year counterpart—13,117.

In the view of Labor Minister Manoel Dias, the negative year-to-date figure is worrying. He pointed out, however, that the country is starting to overcome the crisis. “In our judgment, we're facing a political crisis which also causes an impact on the economy. This postpones the purchase of a car or an apartment, and investors stop investing. What gives us our result for March is the fact that we've started recovering, and April will be even better than March,” he remarked.

The resumption of the increase in job creation in March was driven by a good performance in services (0.31%), public administration (0.33%), and commerce (0.03%). Construction, in turn, posted the poorest figure of all economic activities—down 18,205 formal jobs against the previous month.

Translated by Fabrício Ferreira

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