Brazil created 105,384 jobs in April 2014, the worst result for the month since 1999 and far lower than expected, ...
Brazil created 105,384 jobs in April 2014, the worst result for the month since 1999 and far lower than expected, underscoring the strong decline in the number of new jobs in the manufacturing and construction sectors, reports economia.terra.com.br.
The number of jobs created in April 2014 was -46.5% lower than April 2013 when 196,913 jobs were created, according to data from the Labour Department. Analysts had expected 160,000 jobs to be created in April.
During the year-to-April 2014, there were 458,145 jobs created, down from 549,064 new jobs during the same four month period in 2013.
The manufacturing industry, which in April 2013 created 40,600 new jobs, only created 3,400 in April 2014. Similarly in the construction sector, which reported 33,000 new jobs last year, there were only 4,300 new hires this year, this is despite the ongoing construction for the 2016 Olympic Games and the Football World Cup this year.
Manoel Dias, Labour Minister, commented: “2014 is an unusual year. Carnival took place in March, and we know that the country starts only after Carnival.”
This article was originally published by Staffing Industry Analysts
