Brazil Confident Job Market Will Expand

With the creation of 102,965 new jobs in March, formal employment in Brazil grew 0.41% in comparison with February. These data come from the Brazilian Ministry of Labor’s General Register of Employment and Unemployment (Caged), released April 19 by Minister Ricardo Berzoini.

The figures for March and for the first quarter (292,222 new jobs) represent a second historical record for the Caged.

2,300,000 jobs have already been created since Lula took office, and in the 12 months ending in March, the increase in formal positions totaled 1,468,106.

This year’s figures are positive, the Minister pointed out, even though they are inferior to last year’s. For Berzoini, employment should grow 3.5% this year, corresponding to 1,200,000 new jobs.

The service sector made the biggest contribution to the increase in March: 54,136 new jobs. Manufacturing added 17,959 positions, and commerce, 13,962.

The Minister observed that conditions are favorable this year and job creation should pick up this semester.

Brazil is one of the countries that least relies on loans to finance activities, according to the Minister. Compared with other countries, Brazil has the smallest ratio of debt to capital assets.

Therefore, the government expects private business investments to continue, the Minister said.

Agência Brasil


You May Also Like

Forest Burning Is Brazil’s Contribution to Greenhouse Effect

“Brazil’s chief contribution to increasing the greenhouse effect certainly comes from the burnings,” affirmed ...

Brazil on the Verge of Becoming World’s Largest Food Supplier

The Brazilian food industry is doing well. As well as the country currently being ...

ACM and Bahia's Governor Paulo Souto

Brazil: The Day I Played Hardball With Bahia’s Governor

My apartment overlooks an intersection in the center of Santo Antônio de Jesus, a ...

Brazil Scrambles to Find Out What Made Its Cattle Sick

Brazil’s Minister of Agriculture, Livestock, and Supply, Roberto Rodrigues, said that the identification of ...

An Enawenê Nawê Indian man in Brazil

Brazilian Indians Defy World’s Largest Soy Producer and Block Highway

A remote Amazonian tribe are blockading a major highway in the Brazilian state of ...

A Glimpse of Wonder

Staring at the massive views and feeling the silent majesty of this place was ...

6 Million Brazilians Work as Maid

The precarious working conditions of domestic workers in Brazil are being discussed today in ...

Made in Brazil Design Gets Its Trade Show

Brazilian design companies and fostering agencies should have an opportunity to close deals and ...

AA Flies Nonstop from Miami to Belo Horizonte and Salvador in Brazil

Starting in November American Airlines will add three destinations in Brazil to its route ...

US and Brazil Get Ready for Lula-Bush’s Washington Summit

Brazilian President Luiz Inácio Lula da Silva and his American counterpart George Bush are ...