The Brazilian economy added 129.601 thousand jobs in April 2019, after shedding 43.196 thousand jobs in the previous month and beating market expectations of 80 thousand. It was the largest increase in net payrolls for an April month since 2013. Among sectors, the biggest gains were recorded in services (+66,290), manufacturing (+20,479); and civil construction (+14,067). In the first four months of the year, the economy added 313.835 thousand jobs. Non Farm Payrolls in Brazil averaged 596.63 Thousand from 1999 until 2019, reaching an all time high of 129601 Thousand in April of 2019 and a record low of -654.95 Thousand in December of 2008.
Non Farm Payrolls in Brazil is expected to be 20.00 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 20.00 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.