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FX Daily Updates
Brazil creates more formal jobs than expected in April
georgemiller
Publish Date: Wed, 28 May 2025, 19:06 PM

BRASILIA, May 28 (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.
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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.
https://www.reuters.com/world/americas/brazil-creates-more-formal-jobs-than-expected-april-2025-05-28/