(Corrects number of jobs lost in first paragraph.)
Jan. 25 (Bloomberg) -- Brazil’s economy lost 496,944 government-registered jobs in December, the Labor Ministry announced today in Brasilia.
Economists forecast a reduction of 401,500 jobs, according to the median estimate from 17 analysts surveyed by Bloomberg. Last year, in December, jobs fell by 408,172 posts.
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: Maria Luiza Rabello in Brasilia Newsroom at email@example.com
To contact the editor responsible for this story: Harry Maurer at firstname.lastname@example.org