Brazil Has Best Month for Jobs in Six Years

The creation of 229,757 formal economy, on-the-books, jobs in August was the best result since 1998. According to minister of Labor, Ricardo Berzoini, the ministry’s job registry (Cadastro Geral de Empregados e Desempregados) (Caged) showed that the increase was 0.94%, compared to July.

Berzoini explained that more jobs were created because of easier credit resulting in more activity in basic sanitation and housing starts.

During the period, the industrial sector added 72,000 jobs and services added 74,000. The farm sector, which had strong job performance in the first half, was basically stable.

Berzoini declared that the Caged numbers were a surprise. “Many people in the government were concerned with jobless growth. What happened was the opposite.”


“Employment has been rising faster than the GDP,” he explained, pointing out that for the year cumulative job growth is now at 466,000.

The minister adds that more jobs means more revenue for the social security system (INSS) and the worker compulsory savings fund (FGTS).


As the latter finances public works in housing, basic sanitation and urban infrastructure that translates into more benefits for the population. Finally, says the Minister, a stronger domestic economy means less dependence on exports.

Agência Brasil
Reporter:Lilian de Macedo
Translator: Allen Bennett

Tags:

You May Also Like

In One Year Brazil Crisis Adds 1.4 Million Job Losses

Job losses in Brazil accelerated in October to the fastest pace so far this ...

News of Lula’s Waning Popularity Depresses Brazil Stocks

Latin American markets drifted lower for the most part, due to weakness in the ...

Brazilian Ruling Party Expels Representative Accused of Ties with Prison Gang

Brazil’s ruling Workers Party (PT) in São Paulo decided to expel representative Luiz Moura ...

Amazon Fair in Brazil Draws Buyers from US, Canada and Japan

US$ 10 million in contracts were generated last week in Brazil during the business ...

Brazil Has Four Among Ten Leading Leasing Firms in LatAm, Including Number One

A ranking of the 100 leading equipment leasing companies in Latin America was released ...

Thermoelectric Plant to Generate 10% of the Energy of Manaus, Brazil

The first financing contract of the Development Fund of the Amazon (FDA), signed Monday, ...

Brazilian Stocks Drop 6.6%. Losses in 2008 Jump to 16%

Brazil is having an extreme case of bearishness. São Paulo stock exchange's main index, ...

Brazil’s GDP Grows 1.4% in First Quarter

Brazil’s Gross Domestic Product (GDP) – the sum of all goods and services produced ...

Evangelical Media Empire in Brazil Goes to Court to Intimidate Press

International human rights organization Article 19 has strongly condemned the wave of civil defamation ...

No US Lapdog Anymore

President Lula is certain to adopt his own road, veering Brazil from its traditional ...