The Brazilian economy lost a record 860,503 thousand jobs in April 2020, after shedding 240,702 in the previous month, amid the coronavirus crisis. All sectors recorded job losses: services (-362,378), trade (-230,209), general industry (-195,968), construction (-66,942) and agriculture, forestry & fishing (-4,999). Across regions, the Southeast led the decrease (-450,707), followed by the South (-202,805), Northeast (-126,834), Midwest (-56,057) and North (-27,069). Considering the first four months of the year, the economy shed 763,232 jobs. On April 1st the federal government unveiled the Emergency Employment and Income Program, helping to preserve more than 8.1 million jobs in the country, the Ministry of Economy said. It was the first release of 2020 data as the publication was halted due to companies' difficulties to provide accurate and up-to-date information.
Non Farm Payrolls in Brazil averaged 56.39 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. 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 May of 2020. source: Ministério do Trabalho e Emprego, MTE
Non Farm Payrolls in Brazil is expected to be 50.00 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 40.00 in 12 months time. In the long-term, the Brazil Net Payrolls is projected to trend around 80.00 Thousand in 2021 and 30.00 Thousand in 2022, according to our econometric models.