Nov. 18 (Bloomberg) -- Brazil’s economy created 126,143 government-registered jobs in October, the Labor Ministry said.
Analysts had expected Latin America’s biggest economy to add 167,178 formal jobs, according to the median estimate in a Bloomberg survey of 12 economists.
Government-registered job creation number is a balance of posts created minus job eliminated. Registered jobs, so-called formal work, assure employees a range of benefits such as unemployment insurance, bonuses and retirement payments by the government.
--Editor: Joshua Goodman
To contact the reporter on this story: Arnaldo Galvao in Brasilia Newsroom at firstname.lastname@example.org
To contact the editor responsible for this story: Harry Maurer at email@example.com