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Brazil’s Creation of New Jobs Tumbles Almost 50%

Worker The creation of registered, on-the-books jobs in Brazil took a nose dive in May. According to the General Employment Rolls (Caged) at the Ministry of Labor, a total of 139,679 jobs were created, a drop of 44.5%, compared to May 2011 when 252,067 jobs were created.

It was the worse result for May since 2009. The best May on record was in 2010, when 298,041 jobs were created.

The farm segment created the most jobs this May, 46,261, followed by services, 44,587. The manufacturing segment created 20,299 jobs.

São Paulo was the state that created the most jobs in May: 52,600.

Cumulatively for the year, Brazil has created 877,909 jobs, down 21% for the same period last year when 1.11 million jobs were created.

A curious note is that on the same day Caged released its numbers, the government statistical bureau (IBGE) released its unemployment rate for May, which was 5.8%, the lowest ever for the month since records began in 2002.

However, Caged and IBGE use different methodologies and sometimes arrive at divergent results. The IBGE survey, for example, is limited to six metropolitan regions: São Paulo, Rio de Janeiro, Belo Horizonte, Salvador, Recife e Porto Alegre.

Foreign Trade Surplus

Brazil’s trade balance registered a surplus of US$ 7.07 billion in the first half of this year. The surplus is the result of the difference between the total of US$ 117.215 billion in exports and US$ 110.142 billion in imports.

The data was released July 2 by the Ministry of Development, Industry and Foreign Trade.

In June, there was a surplus of US$ 807 million. Exports totaled US$ 19.354 billion, down 14.2%, compared to June last year. June imports reached US$ 18.547 billion, with an average daily value of imports coming in at a record for the month. Compared to the same period last year, imports were up 1.1%.

Even with the surplus, there was an overall decrease in June exports, compared to the same period last year. All three categories of exports showed a decline: semi-manufactured (-22.37%), manufactured (-17.2%) and basic (-10.2% .)

There were decreases in imports of capital goods (-0.5%), consumer goods (-7.1%), along with raw materials and intermediate goods (-3.1%). On the other hand, there was an increase in international purchases of fuels and lubricants (+22.8%).

ABr

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  • nick usa_male

    read this troll, SCHMUCK, aka fake american.
    Mittens Romney the draft dodger and Obummer are both of the same. Since you don’t understand that, shows what kind of imbecile you are.
    And seriously, go back to your government school, you’re typing sucks.

  • american

    mel brooks looks like a…
    nick,,fu doochebag..when obama gets defeated by a romney landslide and hillary clinton is fired .the tourist visa frauds and disgustingly high numbers of brazilian nationals overstaying their vacation in the usa will end once anbd for all..rule of law on illegal presence and illegal entry is just mere election away.. whats a smuck some kind of yiddish doochebag burger

  • nick usa_male

    Listen? Nobody can hear you schmuck. If you’re out of your meds, don’t worry, obama will take care of you, include with jobs in the US that don’t exist. FYI, Brazilians are leaving the country and only come here to buy our made in China crap that most here, in the US, cannot afford anymore.

  • american

    your visa has expired!!..please leave !!!
    listen ,,,no intelligent person in the world really believed that brazil was this big rising economy ..this propaganda was put out by the brazilian govt. to invite investment…the big lie ,the typical brazilian fraud !!!..illegal brazilians are not welcome in the united states so don,t send these unemployed illiterates to the usa …the tourist visa that is not a tourist !!!..

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