Key facts
- Brazil's economy created a net 58,568 formal jobs in July.
- This number was below the 112,000 net openings economists had predicted.
- The data was released by the Labor Ministry.
Brazil's economy generated fewer formal jobs than anticipated in July, with a net increase of 58,568 positions. This figure significantly missed the 112,000 openings economists had projected in a Reuters poll. The data was released by the Labor Ministry.