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Brazil added 15.7% fewer formal jobs in September

This content was published on October 26, 2022 – 1:46 p.m. October 26, 2022 – 1:46 p.m

Sao Paulo, 26th October (EFE).- Brazil, the largest economy in Latin America, created 278,085 new formal jobs in September, a figure that is 15.7% less than the jobs created in the same month of 2021 , the government reported this Wednesday.

The balance for September is the difference between 1.92 million formal hires and 1.64 million layoffs registered in the ninth month of this year at Labor and Social Security.

A cumulative 2.14 million formal jobs were created in the first nine months of the year, a figure that is 14.4% lower than the same period in 2021, when 2.50 million jobs were created in the country, according to updated data.

The stock of formal jobs, that is, the total number of places with all guarantees, reached 42.8 million in September, the highest result for September in the series that began in 2010.

Data shows that formal employment increased in September in all five major productive sectors in the country, with the service sector standing out, adding 122,526 jobs with all job guarantees. EFE

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