By Dow Jones Business News,
December 20, 2013, 01:05:00 PM EDT
BRASILIA--Payrolls in Brazil rose in November from the previous month alongside strong holiday-season job creation in
the commerce and service sectors, the country's Labor Ministry said Friday.
According to the ministry, the Brazilian economy created 47,486 new jobs in November. The November figure raised total
job creation this year by 0.12% from October but was 38% lower on a seasonally-adjusted basis from the result in
The ministry said only three of eight sectors increased payrolls in the month. The commerce sector led job creation
with 103,258 new jobs, followed by the service sector with 44,825 new posts. The manufacturing sector, however, lost
34,266 posts, while the farm sector lost 33,183 and the construction sector lost 31,770.
With the latest figures, Brazil's economy has produced 1.55 million jobs so far this year, the lowest result on
record since 2003 when the country reported 1.77 million jobs during the January-November period.
The November payroll figures come after Brazilian Institute of Statistics (IBGE) announced Thursday that the country
reached a record low unemployment rate of 4.6% in November. The institute explained, however, that the low unemployment
rate was caused by an increase in the number of Brazilians who stopped looking for a job during the month. In November
2012, the number of people who had dropped out of the active workforce was 15,880 million, and in November this year the
figure reached 16,851 million.
-Gerald Jeffris contributed to this article.
Write to Bruno Lourenco at firstname.lastname@example.org
(END) Dow Jones Newswires
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