Brazil lost 63,624 formal jobs in March according to Caged data

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There were 63,624 formal jobs lost in March according to data from the General Register of Employed and Unemployed (Caged) recorded by the Ministry of Labour. In the same month of last year, the decrease was 118,000 jobs.

The negative result came on the heels of the February result when 35,612 jobs were created, a break in the 22 consecutive months of decline.

Retail suffered the most with a stiff contraction in March (-33,909 jobs), followed by services (-17,086 jobs), construction (-9,059 jobs), manufacturing (-3,499 jobs) and agriculture (-3,471 jobs).

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