Brazil's economy lost a net 307.311 thousand jobs in December 2019, slightly less than market forecasts of a 320 thousand decline and compared to last year's 334.462 thousand fall, as workers temporarily hired to meet the end-of-year demand were dismissed. Still, that was the best December result since 2005, when 286.719 thousand jobs were lost. Considering 2019 full year, the economy created 644.079 thousand jobs, the most since 2013, with the biggest job gains being recorded in São Paulo (184.133 thousand), Minas Gerais (97.720 thousand) and Santa Catarina (71.406 thousand).
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. source: Ministério do Trabalho e Emprego, MTE
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 -310.00 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.