

The month of April revealed an impressive growth in formal job positions in Brazil. According to data from the General Registry of Employed and Unemployed (Caged), the country created 240,033 new formal jobs, a result that surpassed market analysts’ expectations, who were anticipating around 210,000 new positions for the period.
This remarkable performance represents a 32% increase compared to April 2023, when 181,761 jobs were created. From January to April 2024, the accumulated total already reaches an impressive positive balance of 958,425 job positions, highlighting a solid and lasting economic recovery.
How does the current job market compare to the same period last year?Analyzing the first four months of 2024, there is a 33% growth compared to the same period in 2023, which had a positive balance of 718,576 vacancies.
These numbers demonstrate the robustness of the Brazilian formal job market, which has been consistently growing.The Impact of Economic Growth on IncomesThe average salary upon admission in April this year was R$ 2,126.16, with an increase of R$ 36.96 compared to the previous month, resulting in a positive variation of around 1.77%.
This increase reflects not only the valorization of the workforce but also the overall improvement of the country’s economic conditions.Which sectors led job creation in April?The leadership in creating new jobs was mainly in the services sector, with 138,309 vacancies, followed by the industry with the addition of 35,990 new positions.
To a lesser extent, but still significant, the agriculture sector contributed with 6,576 new positions. This sectoral distribution shows the diversity and complementarity of the Brazilian economic fabric in generating employment opportunities.
Service Sector: 138,309 jobsIndustry: 35,990 jobsAgriculture: 6,576 jobsPerformance by StatesAmong the states, São Paulo stood out with the highest job creation, with a positive balance of 76,229 jobs. Other states such as Minas Gerais, Rio Grande do Sul, and Paraná also showed considerable positive performances.
However, Maranhão faced a reduction, with the loss of 1,607 jobs.Comparison between Caged and IBGEIt is important to note that the data presented by Caged, focusing on formally registered workers, complement the information from the Continuous National Household Sample Survey (Pnad Contínua) of IBGE.
While Caged shows growth in formal employment, Pnad Contínua, which also captures data on informal work, reported that the unemployment rate in Brazil was 7.5% in the quarter ended in April, the best result for this quarter since 2014.
These statistics, when viewed together, offer a comprehensive perspective on the true state of the job market in Brazil, highlighting not only the growth of formal employment but also the challenges still present in the informal sector. The scenario is still optimistic, with structures being strengthened to provide more opportunities to Brazilians.