Jobs
Brazil Formal Job Creation Tops All Estimates in Win for Lula
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Brazil created more formal jobs than expected in February, handing President Luiz Inacio Lula da Silva a win while testing views that Latin America’s largest economy is quickly slowing down.
The economy created 431,995 formal posts, the Labor Ministry reported on Friday. The figure topped all forecasts in a Bloomberg survey of analysts that had a 227,500 median estimate.