61% of Brazilian municipalities showed an increase in the number of jobs in March; points out CNM
For the first quarter of 2024, the balance recorded 719,001 jobs, marking 35% growth compared to the same period in 2023.
Marlon Bento, administrative director of Line Bank BR, states that one of the factors that contributed to this result was the successive lowering of the Selic, the economy’s basic interest rate, which is enabling companies to have access to credit.
“Those who took credit could make new hires and those who were thinking of dismissing did not do so, they kept the employees in the company so that they could continue to advance in their work. And also the positive scenario for civil construction in Brazil. Civil construction increases, industrial construction increases and so on. It’s a successive chain of development and job formation,” he explains.
For economist Cesar Bergo, the data presented was compatible with the dynamics observed in the second half of 2023 and the first quarter of 2024, when there was a widespread improvement in economic activities.
“This generalized increase in this job offer was due to several factors. There was economic growth; investment in infrastructure, especially through the growth acceleration program, saw the expansion of specific industrial and service sectors,” he explains.
In March, the number of formal jobs reached the highest point recorded in the historical series, totaling 46.2 million formal jobs. In this same month, there was an increase of 0.5% compared to the previous month, a growth of 2.7% compared to March 2023 and an increase of 3.5% in the last twelve months.
Employment by regions
In all regions of the country, there was an increase in the number of jobs. Bergo highlights that the highest monthly growth was observed in the Central-West region (+0.7%), mainly due to agribusiness. The biggest expansion compared to March 2023 and in the last twelve months occurred in the North region (+4.3% and +4.7%, respectively).
On the other hand, the smallest monthly increase was recorded in the Northeast region (+0.2%), and the smallest increases in relation to March 2023 and the accumulated result for the last twelve months occurred in the South region (+1.8% and + 2.6%, respectively).
Expectations
For Cesar Bergo, the trend for the coming months is one of concern. “We are seeing a drop in economic activities. A statistic came out regarding the service sector, there was a drop in activity. The industry has also, in some way, been declining. This will have an impact on the job market, which is already showing a certain weakness”, he points out.
He highlights that the state of calamity in Rio Grande do Sul also has a direct impact on the supply of jobs.
For Marlon Bento, projections for the coming months should be more positive, with the expectation that cuts in the Selic will continue, causing businesspeople to continue taking credit. He also points to progress in Brazilian civil construction.
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By Brasil 61
