Brazil’s economy created 126,143 government-registered jobs in October, the Labor Ministry said.
Analysts had expected Latin America’s biggest economy to add 167,178 formal jobs, according to the median estimate in a Bloomberg survey of 12 economists.
Government-registered job creation number is a balance of posts created minus job eliminated. Registered jobs, so-called formal work, assure employees a range of benefits such as unemployment insurance, bonuses and retirement payments by the government.
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