Brazil : Economy sheds 74,748 jobs in October
Thu Nov 24 2016
Nikki Bailey (269 articles)
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Brazil : Economy sheds 74,748 jobs in October

BRASILIA : Brazil shed a net 74,748 payroll jobs in October, the Labor Ministry said on Thursday, as the economy continues to reel from a second year of deep recession.

The number of job cuts increased from September, when Brazilian companies shed 39,282 payroll jobs, but was below market expectations for a drop of 89,000 jobs. Brazil’s economy is expected to shrink more than 3 percent for a second straight year in 2016, with 12 million workers officially unemployed.


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Nikki Bailey

Nikki Bailey

Nikki Bailey reports on US Stocks. She covers also economy and related aspects. She has been tracking US Stock markets for several years now. She is based in New York