Brazil posts biggest formal job gain for July since 2012Christian Fernsby ▼ | August 22, 2020
Brazil posted its strongest July job growth in eight years, official figures showed on Friday, snapping four consecutive months of job losses.
Gain Brazil jobless
Services continued to shed jobs, the economy ministry said.
Over 1 million jobs were created, while 912,640 positions were lost.
July’s figures followed a downwardly-revised 19,579 formal job losses in June, and brings the net loss in the first seven months of the year to 1.1 million.
Economy Minister Paulo Guedes said he was “excited” by the “extraordinary” figures. ■