Economics
Brazilian Economy Created Record Number of Jobs in September
- Result beats all estimates of economists surveyed by Bloomberg
- Government job support program helped anchor labor market
This article is for subscribers only.
Brazil’s economy created a record number of jobs in September as massive government spending sustained output and demand after the coronavirus pandemic spread to the region.
The country’s labor market added 313,564 net formal jobs last month, the Economy Ministry reported Thursday. That surpassed even the most optimistic forecast from 20 economists surveyed by Bloomberg and compares to a median estimate of 242,500. It was the third straight positive result and represents the biggest one-month gain since the Labor Ministry began the series in 1992.