Brazil reports balance of 201 thousand formal jobs in June

Brazil ended June with a positive balance of 201,705 formal jobs, 29.5 percent more than in the same month last year. The figure was the result of 2,071,649 admissions and 1,869,944 dismissals.

The report was released Tuesday (Jul. 30) by the Ministry of Labor and Employment, which manages the General Register of Employed and Unemployed Persons (CAGED) to which companies are obliged to send monthly admissions and dismissals.

The five major groups of activities recorded positive balances in June. Services generated 87,708 jobs, trade 33,412, industry 32,023, agriculture 27,129, and construction 21,449. The main growth was in the industry sector, which recorded a surge of 165 percent from June last year.

Year to date (January, 2024 to June, 2024), the balance stood at 1,300,044 jobs. In the last 12 months (July, 2023 to June, 2024), a balance of 1,727,733 jobs was recorded.

Only Rio Grande do Sul had a negative balance (-8,569) among the 27 Brazilian states, still due to the floods in May. Even so, the state shows a trend of recovery compared to May, when a drop of 22,180 thousand jobs was recorded. “We thought it could be worse, with more layoffs. Even though it was negative, it surprised us positively,” said Minister of Labor and Employment Luiz Marinho, pointing out that next month the balance of jobs should still be negative in the state.