Brazil Daily

Behind the curtain of Brazil’s job figures

Happy Friday! Today: Brazil is creating jobs, but the labor market is not so rosy. Brazil surpasses the U.S. on first-dose vaccination ranking. Central Bank independence gets Supreme Court go-ahead. Lula looks to make deals with Bolsonaro allies.

Brazil continues adding jobs, but wages stagnate

All sectors of the economy added new jobs. Photo: Alf Ribeiro/Shutterstock
All sectors of the economy added new jobs. Photo: Alf Ribeiro/Shutterstock

The Brazilian economy added 316,580 new formal jobs in July, according to the Labor Ministry, surpassing market expectations. The total tally of net new jobs now sits at 1.84 million in 2021. The jump was driven by the labor-intensive services sector, which is the backbone of the Brazilian economy.

Why it matters. Job creation this...

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