Brazil loses another 332,000 jobs

jobs lost brazil pandemic

The Brazilian economy has seen an overall loss of 331,991 jobs in the month of May. The number is the outcome of 703,000 new admissions and 1 million firings nationwide.

This is the third consecutive month that the General Register of Employed and Unemployed Persons (Caged) — the institution in charge of monitoring every formal hire and dismissal in Brazil — provides deeply negative results. Since January, the Brazilian economy has lost some 1.44 million registered jobs.

The services sector was hit the hardest, closing 143,000 positions. Industry saw a drop of 97,000, while construction lost another 19,000.

Support this coverage →Support this coverage →