Brazil creates fewer formal jobs than expected in April
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E-mailBRASILIA, May 28 (Reuters) - Brazil's economy created a net 85,888 formal jobs in April, data from the Labor Ministry showed on Thursday, well below the 230,000 net openings expected by economists in a Reuters poll.
• The net figure accounts for 2,268,655 jobs opened and 2,182,767 closed during the period, the ministry said.
• Job creation was the slowest for any month so far this year and marked the weakest April performance since 2020.
• From January to April, a net of 699,762 formal jobs were created in Brazil, an about 23% decline year-over-year.
(Reporting by Bernardo Caram; Writing by Fernando Cardoso, Editing by Iñigo Alexander and Natalia Siniawski)
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