Brazil's economy added 99.232 thousand jobs in November 2019, following a 70.852 thousand advance in the previous month and easily beating market expectations of 47.5 thousand. Employment increased mostly in trade (106.834 thousand) and services (44.287 thousand), while declines were seen in manufacturing (-24.815 thousand), agriculture (-19.161 thousand), construction (-7.390 thousand), public administration (-652) and mining (-290). Non Farm Payrolls in Brazil averaged 57.86 Thousand from 1999 until 2019, reaching an all time high of 309.44 Thousand in June of 2008 and a record low of -654.95 Thousand in December of 2008. source: Ministério do Trabalho e Emprego, MTE
Non Farm Payrolls in Brazil is expected to be -300.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Farm Payrolls in Brazil to stand at 75.00 in 12 months time. In the long-term, the Brazil Net Payrolls is projected to trend around 30.00 Thousand in 2020, according to our econometric models.