Coronavirus: In Two Months, 1.1 Million Brazilians Lost Their Jobs

Unemployment Is Explained by Social Isolation and Distancing Actions. The Measure Is Crucial to Contain the Spread of the New Coronavirus

Coronavirus Effect: 1.1 million workers with formal contracts lost their jobs in March and April of this year. The information comes from data from the General Register of Employed and Unemployed (Caged), released last Wednesday (05/27) by the Ministry of Economy. To Overcome the Crisis, Petrobras Attracts High Demand and Raises US$ 3.5 Billion with Global Bonds

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According to Caged data, Brazil recorded the closure of 860,503 formal job positions in April. There were 598,596 hires compared to 1,459,099 dismissals.

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In January, the balance between hires and dismissals was positive with 113,155 job openings. In February, the difference was also positive with 224,818 job opportunities.

However, in March, when the crisis caused by the coronavirus began, dismissals exceeded hires by 240,702.

The result is the worst since 1992, when the historical series of Caged began. At that time, Brazil had closed 142,000 job positions during the same period.

The impact is explained by social isolation and distancing actions. The measure is crucial to contain the spread of the new coronavirus.

Among the states, São Paulo led the negative employment results. There were 227,670 dismissals. In second place, Rio de Janeiro closed 125,154 formal positions between January and April of this year.

Sectors with the Highest Negative Employment Rate

By sector, services had the highest job losses in April, with a net negative balance of 362,378 dismissals.

Next was commerce, with 230,209 fewer positions, followed by industry, which eliminated 195,968 jobs.

In Construction, dismissals totaled 66,942 workers, and in agriculture, 4,999.

For the year, only agriculture recorded more admissions than dismissals, totaling 10,032 positions.

Commerce was the sector that closed the most positions, totaling 342,748, followed by the services sector at 280,716 and industry at 127,886. In construction, the loss of job positions totaled 21,837.