Brazil creates 211 thousand formal jobs in September, a drop of 24% compared to the same month in 2022

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Data from the General Register of Employed and Unemployed Persons (Caged) were released by the Ministry of Labor. During the year, 1.59 million formal vacancies were created. The Brazilian economy opened 211.76 thousand formal jobs in September this year, the Ministry of Labor and Employment reported this Monday (30). The information is contained in the General Register of Employed and Unemployed Persons (Caged) and represents the net balance (hirings minus dismissals) of the generation of formal jobs. In total, according to the federal government, the following were registered in September: 1.917 million hires; 1.705 million layoffs. The result represents a drop compared to September last year, when 278.02 thousand formal jobs were created. The decline was 23.8% in this comparison. In September 2020, amid the Covid pandemic, 299.49 thousand jobs were created and, in the same month of 2021, 330.04 thousand formal vacancies were opened. The comparison of numbers with years prior to 2020, according to analysts, is no longer appropriate because the previous government changed the methodology. Part of the year According to the Ministry of Labor, 1.59 million formal job vacancies were created in the country in the first nine months of this year. The number represents a decline of 26.6% compared to the same period in 2022, when 2.17 million formal jobs were created. At the end of September 2023, according to official data, Brazil had a balance of 44.04 million formal jobs. The result represents an increase compared to August this year (43.83 million) and September 2022 (42.61 million). Sectors Caged figures for September 2023 show that formal jobs were created in all sectors of the economy. Regions of the country The data also reveals that vacancies were opened in all regions of the country last month. Average admission salary The government also reported that the average admission salary was R$2,032.07 in September this year, which represents a real drop (after inflation) compared to August 2023 (R$2,040.14) . Compared to September 2022, there was an increase in the average admission salary. That month, the value was R$2,018.15. Caged x Pnad Data from the General Register of Employed and Unemployed Persons consider workers with a formal contract, that is, they do not include informal workers. As a result, the results are not comparable with the unemployment figures released by the Brazilian Institute of Geography and Statistics (IBGE), collected through the National Household Sample Survey Continua (Pnad). The Caged numbers are collected from companies and cover the private sector with a formal contract, while the Pnad data are obtained through household surveys and also cover the informal sector of the economy. Data released by the Brazilian Institute of Geography and Statistics (IBGE) in September show that the unemployment rate in Brazil was 7.8% in the moving quarter ending in August. It is the lowest since February 2015, when it reached 7.5%.

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