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After Decline in January, Construction Sector Boosts Economy and Is Expected to Create Up to 6,000 Jobs in Niterói by Year-End

Published on 15/04/2025 at 10:05
Construção civil, Niterói, emprego em Niterói
Créditos da imagem: Tomaz Silva/Agência Brasil
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After a slow start to the year, the job market in Niterói showed signs of recovery in February, mainly driven by the construction industry. The sector registered an increase in hirings and was the main driver behind the rise in the number of formal jobs in the city, contributing to warm up the local economy

After starting 2025 with more layoffs than hires, Niterói returned to registering a positive balance in job generation in February. The data comes from the General Register of Employed and Unemployed (Caged) and shows that the recovery was mainly driven by the construction sector.

In January, the city closed the month with 5,541 hires and 6,692 layoffs, resulting in a negative balance of 1,151 vacancies.

The majority of layoffs came from the commerce and services sectors. However, in February, the scenario changed: there were 7,237 hirings against 6,865 terminations, yielding a positive balance of 372 formal jobs.

Construction In Highlights

The largest growth was observed in the construction industry, which hired 1,020 people and laid off 458, yielding a balance of 562 vacancies. This represented the best performance among all sectors.

Meanwhile, the services sector, traditionally the strongest in Niterói, remained practically stable. There were 4,496 hires and 4,569 layoffs, resulting in a negative balance of 73 job positions.

Even with this slight decline, the February numbers were sufficient to balance out the beginning of the year. Overall, the first two months showed positive performance, according to an analysis by economist Rodolpho Tobler from the Getulio Vargas Foundation – Brazilian Institute of Economics (FGV-Ibre).

Market Analysis

According to Tobler, the formal job market in Niterói still shows growth, even with signs of deceleration compared to the rapid pace of the previous year.

We are seeing that formal jobs continue to advance when we look at the same period last year. We observe that the city still has positive rates. What we are beginning to observe is that, after recording a very favorable year in 2024, the job market remains heated, but is now starting to lose a bit of intensity“, analyzes the economist.

He explains that the trend is for moderate deceleration throughout 2025. This happens because the growth rate was very high in 2024, making it difficult to maintain the same performance. Factors such as inflation and high interest rates also contribute to a more challenging scenario this year.

Now it is beginning to decrease a bit. A certain deceleration is natural because 2024 was a very positive year, with a very strong pace. It is hard to imagine that this year could maintain such a pace, especially since the economic trend in 2025 is to grow a little less“, adds Tobler.

Growth Outlook

Even with this more cautious macroeconomic scenario, the construction industry in Niterói remains optimistic. The forecast is for an increase in hirings in the coming months, driven by new developments.

Bruno Serpa Pinto, vice president of the Association of Real Estate Market Companies (Ademi-Niterói) and CEO of Spin, states that the positive balance of the sector reflects projects launched in the last quarter of 2024. According to him, the pace of hirings increases as the construction progresses.

The Caged reflects a delayed effect of the movement of the economy in the construction industry, as the highest volume of hirings is not at the launch of the project, but at the start of the construction“, he explains.

According to Serpa Pinto, only in the second quarter of 2025, 12 new real estate launches are planned in the city. Each of these is expected to generate about 550 direct and indirect jobs. He estimates that the second half will record the creation of up to six thousand job positions in construction.

We have a forecast of growth for this year exceeding the peak of the real estate market in 2012, with the expectation of more than 30 launches in the city, and this was confirmed in the first quarter“, highlights the executive.

The most recent of these projects is Caminhos de Guanabara, with a thousand residential units on the waterfront of the city center. The project was launched this Saturday (12) at an event attended by Mayor Rodrigo Neves.

The activity in the construction sector is expected to keep employment numbers high throughout 2025. Even in the face of a more subdued national scenario, Niterói bets on new ventures to sustain job creation and maintain a positive pace for the local economy.

With information from O Globo.

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Romário Pereira de Carvalho

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