Brazil creates more formal jobs than expected in April
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FILE PHOTO: A drone view shows the Banco de Brasilia (BRB) headquarters building in Brasilia, Brazil, April 1, 2025. REUTERS/Adriano Machado/File Photo
BRASILIA (Reuters) -Brazil's economy created a net 257,528 formal jobs in April, data from the Labor Ministry showed on Wednesday, above the 175,000 expected by economists in a Reuters poll.
The data accounts for 2,282,187 jobs opened and 2,024,659 closed in the period, according to the ministry.
It was the highest figure for April since 2020, when the current methodology for the official series was introduced.
From January to April, a net 922,362 jobs were created in Brazil, down from 965,818 a year earlier, according to adjusted data.
(Reporting by Victor Borges in Brasilia; Writing by Andre Romani; Editing by Gabriel Araujo)
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