Brazil’s economy lost 331.9 thousand jobs in May of 2020 after shedding 860.5 thousand in the previous month. It was the third month of heavy job losses due to the coronavirus crisis. Considering the January-May period, the Brazilian economy shed 1.1 million formal jobs.
Non Farm Payrolls in Brazil averaged 50.95 Thousand from 1999 until 2020, reaching an all time high of 309.44 Thousand in June of 2008 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 July 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 50.00 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.