Bloomberg News

Brazil Created 126,143 Registered Jobs in October

November 18, 2011

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 agalvao1@bloomberg.net

To contact the editor responsible for this story: Harry Maurer at hmaurer@bloomberg.net


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