Reuters

Brazil creates fewer-than-expected formal jobs in July

By Reuters,

3 hours ago

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BRASILIA (Reuters) - Brazil's economy created a net 188,021 formal jobs in July, labor ministry data released on Wednesday showed, slightly below the expectation of 190,000 jobs from economists polled by Reuters.

The figure accounts for 2,187,633 new jobs and 1,999,612 jobs closed, and surpasses the creation of 142,107 formal jobs in the same month last year.

From January to July, a net 1,492,214 jobs were created, up from 1,172,763 in the year-ago period, adjusted ministry data showed.

(Reporting by Victor Borges in Brasilia; Writing by Andre Romani; Editing by Gabriel Araujo and Kylie Madry)

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