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Brazil’s formal job creation falls short of expectations in October

Brazil’s formal job creation falls short of expectations in October

Brazil’s formal job creation falls short of expectations in October 150 150 admin

BRASILIA (Reuters) – Brazil created a net 132,714 formal jobs in October, data from the labor ministry showed on Wednesday, below the 200,000 forecast in a Reuters poll of economists.

The figure accounts for 2,222,962 new jobs and 2,090,248 jobs closed.

October marked the lowest net result for a month since December, when Brazil closed some 451,000 jobs, according to adjusted data.

From January to October, a net 2,117,473 jobs were created, up from 1,784,662 in the year-ago period.

(Reporting by Victor Borges in Brasilia; Writing by Andre Romani; Editing by Gabriel Araujo)

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