Brazil creates fewer formal jobs than expected in February
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E-mailBRASILIA, March 31 (Reuters) - Brazil's economy created a net 255,321 formal jobs in February, data from the Labor Ministry showed on Tuesday, below the 270,150 expected by economists in a Reuters poll.
* The net figure accounts for 2,381,767 jobs opened and2,126,446 closed during the period, the ministry said. * It was the highest net formal job creation for any monthsince February last year, when Brazil created 440,432 jobs. * In the first two months of the year, a net of 370,339formal jobs were created in Brazil, a 37.8% declineyear-over-year.(Reporting by Bernardo Caram in Brasilia, additional reporting by Andre Romani in Sao Paulo; Editing by Natalia Siniawski)
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