People asked me how the employment markt is fairing in Brazil. Below the most recent graphs from Globo.
It is crucial to understand two layers of duality here:
1. There is avery big dichotomy between the Northern and Southern States, the job losses of February are almost exclusively recorded in Northern States of Brazil (Amazonia, Rio Grande do Norte, Alagoas, Paraiba, Para). In Rio de Janeiro and Santa Catarina states respectively 5.480 and 5.647 people were contracted in February.
2. There is a big difference in industries. It is mainly the assembly sector and mining sectors which is slashing people. The services market has hired more than 57.000 people in February and also the construction industry had a net job increase in February.
Tomorrow some stats on the real estate market in Rio de Janeiro.
