Brazil Reports 150,600 Registered Jobs Created in February

Brazil’s economy created 150,600 government-registered jobs in February, the Labor Ministry said.

The gain compares with a median forecast of 190,000 formal jobs, according to the median estimate in a Bloomberg survey of 5 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.

To contact the reporter on this story: Arnaldo Galvao in Brasilia Newsroom at agalvao1@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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