Total formal job creation reached 201.7 thousand in June, up 29.6% | Economy

Brazil created 201,705 official jobs in June this year, the Ministry of Labor and Employment reported on Tuesday (30).

In total, according to the federal government, the following were recorded in June:

• 2.07 million employees;
• 1.86 million layoffs.

The result represents A growth of 29.6% compared to June of last year, as about 155.69 thousand official job opportunities were created.

View June results:

• 2020: 53.4K vacancies closed
• 2021: 318,000 job opportunities created
• 2022: 285.2K open jobs

According to the Ministry of Labor. 1.3 million formal jobs were created in the country in the first six months of this year.

This was the best result for the first six months of the year since 2022 – when 1.39 million official job vacancies were created.

• At the end of June 2024, according to official data, Brazil had a balance of 46.8 million formal jobs.
• The result represents an increase compared to May of this year (46.6 million) and June 2023 (45.08 million).

Labor Minister Luiz Mariño estimated that about two million formal jobs will be created by the end of the year.

“There is no reason not to resume low interest rates… which help credit and investment, which is supposed to generate jobs,” he added. “We don’t know what decision they will make, we don’t have a crystal ball,” the minister said, citing the central bank’s meeting this week to set interest rates.

Figures from June 2024 show that formal jobs were created in all five sectors of the economy. The highest absolute number was in the services sector.

The data also reveals that job vacancies opened in four of the country’s five regions last month.

Labor Ministry data shows that Rio Grande do Sul state, which experienced severe flooding between April and May, It was the only one to record more layoffs than hires in June.Last month, the state lost 8,560 jobs, down from 22,000 in May.

“Our expectations, based on the projects that generate jobs in the construction sector, are that the country will start to recover and we will see positive numbers next year. Rio Grande do Sul has a strong and prosperous economy and it will react, it is reacting,” declared Minister Luiz Marinho.

Average admission salary

The government also reported that the average admission salary was R$2,132.82 in June of this year, which represents a real decrease (after inflation) compared to May 2024 (R$2,137.97).

Compared to June 2023, there was an increase in the average admission salary. In that month, the value was R$ 2,089.54.

The data of the general register of workers and unemployed workers with an official contract, i.e. Does not include informal ones.

As a result, the results cannot be compared to unemployment figures from the Brazilian Institute of Geography and Statistics (IBGE), which are collected through the National Household Sample Survey (Pnad).

Caged figures are collected from firms and cover the private sector with formal contract, while Pnad data are obtained through household surveys and also cover the informal sector of the economy.