The Brazilian economy added a net 401,639 jobs in February of 2021, following a 260 thousand gain in January. It was the highest monthly figure in at least 20 years, led by the services sector. Some 1.69 million positions were created and 1.29 million were cut. In the first two months of 2021, the economy has created a net 659,780 formal jobs, also the highest in years. source: Ministério do Trabalho e Emprego, MTE

Non Farm Payrolls in Brazil averaged 57.06 Thousand from 1999 until 2021, reaching an all time high of 415 Thousand in November of 2020 and a record low of -860.50 Thousand in April of 2020. This page provides the latest reported value for - Brazil Net Payrolls - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Brazil Net Payrolls - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Non Farm Payrolls in Brazil is expected to be 40.00 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 -310.00 in 12 months time. In the long-term, the Brazil Net Payrolls is projected to trend around -250.00 Thousand in 2022 and -280.00 Thousand in 2023, according to our econometric models.

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Brazil Net Payrolls

Actual Previous Highest Lowest Dates Unit Frequency
401.60 260.35 415.00 -860.50 1999 - 2021 Thousand Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-12-23 02:00 PM Nov 415K 395K
2021-01-28 01:30 PM Dec -67.9K 415K -115K -130K
2021-03-16 03:00 PM Jan 260.353K -67.9K 122K 100K
2021-03-30 02:00 PM Feb 401.6K 260.353K
2021-04-26 02:00 PM Mar 401.6K
2021-05-25 02:00 PM Apr
2021-06-24 02:00 PM May
2021-07-26 02:00 PM Jun

News Stream
Brazil Job Growth Beats Forecasts
The Brazilian economy added 260,353 jobs in January of 2021, following a 67.9 thousand loss in December. It is the strongest job growth for any January month since at least 2010, above market forecasts of 122K.
Brazil Economy Cuts Fewer Jobs than Expected
The Brazilian economy shed a net 67,906 formal jobs in December of 2020, compared to market expectations of a 115,000 decline. It was the first decrease in net payrolls in six months although the smallest for a December month since 1995. Considering 2020 full year, the economy created 142,690 jobs, with the biggest job gains being recorded in Santa Catarina (53,050) and Paraná (52,670).
Brazilian Economy Adds Fresh Record Number of Jobs
The Brazilian economy added a net record high 414,556 jobs in November of 2020, the fifth consecutive month of job gains as the economy rebounds from the coronavirus pandemic. Hiring in retail and services drove the increase. Considering the January-November period the economy added a net 227,025 formal jobs.
Brazil Economy Adds Record 395K Jobs in October
Brazil’s economy added a net record 394,989 formal jobs in October of 2020, the fourth month in a row of job gains and beating markets expectations of a 233,500 rise. Among sectors, gains were recorded in services (+156,766), trade (+115,647), manufacturing (+86,426) and construction (+36,296). Considering the January-October period the economy lost 171,139 jobs.

Brazil Net Payrolls
In Brazil, net payrolls refer to the change in total formal employment, that is, the difference between admitted and dismissed.