Brazil's economy adds 184, 140 formal jobs in March

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On April 28, Brazil's economy added a net 184,140 formal jobs in March, Economy Ministry figures showed on Wednesday, rounding off a first quarter the record revert as the economic recovery from the pandemic-led slump last year continued.

The march number was slightly higher than the 180,000 expected in a Reuters poll of economists and the highest figure for that month since 2010.

Some 1.6 million positions were cut in the month and 1.4 million were created, said the ministry. Brazil created 4.94 million jobs in the first quarter and cut 4.1 million, resulting in a net Jan. March gain of 837,074.

The March figures were led by the new services sector, which created a net 95,553 new positions, about half of the total. The ministry said the Ministry created 42,150 new jobs.

The total number of formally registered workers in Brazil rose to 40.2 million, the highest since September 2015 according to historical data on the website of the central bank.

Earnings rose with the average monthly salary of newly created jobs in March at an unadjusted 1,802. 65 is the highest since September 2015.

The total of 395,166 new jobs in February has been revised down to 395,166, which means this month is no longer a record, the ministry reports showed.

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