Investment Manager Reveals: Brazil's Economy Adds 188,021 Formal Jobs in July, Beating Expectations
In a recent report by the labor ministry, Brazil's economy has created a net of 188,021 formal jobs in the month of July. This figure slightly missed the economists' expectations of 190,000 jobs, but it is still a positive sign for the country's economy.
The data shows that there were 2,187,633 new jobs created and 1,999,612 jobs closed in July. This surpasses the creation of 142,107 formal jobs in the same month last year. From January to July, a net of 1,492,214 jobs were created, up from 1,172,763 in the year-ago period.
This news is a good indicator of the strength of Brazil's economy and its ability to recover from the challenges of the past year. Investors should take note of this positive trend and consider diversifying their portfolios to include Brazilian assets.
In conclusion, the increase in formal jobs in Brazil is a positive sign for the country's economy and could potentially lead to more investment opportunities in the future. It is important for investors to stay informed about economic developments in Brazil and consider including Brazilian assets in their investment portfolios for potential growth.