BRAZIL CREATES 1.2 MILLION FORMAL JOBS IN FIRST SEVEN MONTHS OF 2012
All sectors have expanded levels of employment, led by Services, Agriculture and Civil Construction
Category: Investment, Brazil
Ideas get bigger when you share them...
News about Brazilian State
BRASILIA - August 17, 2012 (InvestorIdeas.com Newswire) Formal employment continues to grow in Brazil , with the addition of 142,496 new jobs in July. According to the Ministry of Labor's General Register of Employment and Unemployment, the July figures indicate an 18 percent increase from the 120,440 jobs recorded in June 2012. In total, 1,232,843 jobs were created in the first seven months of this year, bringing the total number of employees with formal labor contracts in Brazil up 3.25 percent from December 2011. Over the past 12 months, formal employment has risen by 1,538,472 jobs, or 4.09 percent. Brazil now has more than 39 million workers with formal contracts.
National employment data indicates that the ratio of job creation to job loss has been positive for the past ten years. In July, 1,753,241 new jobs and 1,610,745 lost jobs were declared, the highest figures observed over this ten-year period.
In the nine metropolitan areas surveyed, formal employment in July increased by 38,865 jobs, or 0.24 percent from June. Metropolitan areas with the greatest increase in job growth were São Paulo with 13,835 jobs and Rio de Janeiro with 9,249 new jobs in July 2012.
Job growth across all sectors – especially services and agriculture
Job creation in July occurred across all eight sectors of the economy, especially the services sector, which added 39,060 new jobs (up 0.25 percent from the previous month).
Civil construction added 25,433 new jobs (a 0.83 percent increase from June) and the manufacturing industry, 24,718 new jobs (up 0.30 percent).
With the creation of 23,951 jobs (1.42 percent growth from June), agriculture had the highest growth rate among the sectors for the month. The favorable performance in this sector is due in large part to agricultural support activities (creating 9,593 new jobs) and orange crops (8,055 new jobs) in the state of São Paulo.
The retail sector created 22,847 jobs in July (0.27 percent growth from June) and mining generated 1,717 jobs (up 0.80 percent).
Public utilities created 1,598 jobs (a 0.42 percent increase). Public administration created 3,161 jobs (up 0.38 percent), the sector's best performance since July 2009.
The Secretariat for Social Communication (SECOM) of the Presidency of the Federative Republic of Brazil is responsible for coordinating the public relations activities for the government of Brazil. For more information on the Federative Republic of Brazil, please visit www.brasil.gov.br. The official social media accounts for the Brazilian State are on Facebook and Twitter at http://www.facebook.com/BrazilGovNews/ and twitter.com/BrazilGovNews.
US PRESS CONTACT:
Ashley Houk, Fleishman-Hillard New York
This material is distributed by Fleishman-Hillard Inc. on behalf of the Secretariat for Social Communication of the Presidency of Brazil. Additional information is available at the Department of Justice, Washington, D.C.
This news is published on the Investorideas.com Newswire and its syndicated partner network
Get Investorideas.com investor news and stock alerts
Free Sign Up: http://www.investorideas.com/Resources/Newsletter.asp