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The Industrial Sector in Rio de Janeiro Went from a Closure of 10 Thousand Jobs in 2020 to the Opening of 18 Thousand Job Positions in 2021
In an extraordinary turnaround, the industrial sector of Rio de Janeiro showed a leap in job generation in 2021, reaching the level of 18 thousand new jobs. In contrast, in 2020, 10 thousand job positions were closed due to the pandemic of the new coronavirus. However, the sector brings a breath of fresh air in 2021 with these figures, making the scenario much more optimistic for the Brazilian economy.
The unprecedented survey of these data was conducted by Rio Indústria and brought a thread of hope for job generation in 2022. Study experts say there are concrete chances of a full economic recovery in the coming years, especially due to the increase in the vaccinated population. Check out more about this survey in today’s article.
See More About the Increase in Exports That Rio de Janeiro Had in the Last Year with the Video Below
The Industrial Sector of Rio de Janeiro Stands Out Nationwide in Job Generation with Good Distribution in the State
The industrial sector made an unprecedented turnaround in 2021 and recovered 100% of the jobs lost in 2020, with an additional 80% of new job positions.
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“The industry in Rio de Janeiro reacted quickly to the improvement in the scenario, opening more than 18 thousand job vacancies last year. In other words, in absolute numbers, it not only recovered 100% of the job positions closed during 2020 but also generated 80% more opportunities for Rio. The industry was one of the first activities to recover from a recession, due to its professional management, high volume of investments, and specialized workers. For comparison, the Manufacturing Industries were responsible for the opening of one in every ten job vacancies in 2021 in the State of Rio.”
Sérgio Duarte, President of Rio Indústria (2022)
However, these vacancies were not concentrated in just one region, being spread across the State. More industrialized regions like Médio Paraíba and Centro-Sul Fluminense were the ones that opened the most job positions.
Some sectors of the industry had an even more positive balance than others. This includes maintenance, repair, and installation of machinery and equipment, which leads in job numbers with a total of 6,297 generated in 2021. Next, we have the manufacturing of clothing articles and accessories, with 3,693 job positions generated.
Other sectors such as the manufacturing of food products, manufacturing of metal products, and manufacturing of non-metallic mineral products also stood out with the generation of over a thousand job vacancies in each area.
The Opening of Companies Set a Record, and the Investments Made in the Industry Were What Brought Economic Recovery
The unprecedented study by Rio Indústria showed that the opening of companies reached a record number in the state of Rio de Janeiro in 2021, with over 72,894 registrations, according to Jucerja. Additionally, while the national industrial sector contracted by 6.1% in the first two months of 2022, Rio de Janeiro maintained the same level as the previous year.
The year 2021 brought a significant surplus to the budget of the state of Rio de Janeiro, directing an investment of over R$ 17 billion in the industrial sector through the Pacto RJ program. One of the main investments refers to the expansion of Via Light with Dutra and Avenida Brasil, as well as the railway to connect the Porto do Açu, the EF-118.
The Secretary of State for Economic Development also reported that there are over R$ 75 billion in private investments related to companies in the state of Rio de Janeiro. Some large companies like Volkswagen, Nissan, and ArcelorMittal are among the names of investors of this amount. The oil sector is also receiving around R$ 5 billion more this year to generate job vacancies.
Moreover, the Legislative Assembly sanctioned law number 9,633, which expands the special ICMS tax regime to 16 cities in Rio de Janeiro. Thus, these municipalities gain the right to request the possession of certain tax incentives under a differentiated tax collection regime.
The Outlook for 2022 is Even More Positive Regarding Job Vacancies in the Industrial Sector in Rio de Janeiro.
Although the results are very positive, the president of Rio Indústria states that the State should not underestimate the challenges that still lie ahead due to economic recovery. After all, Rio de Janeiro is one of the states that faces the highest tax burdens in Brazil, especially concerning industrial inputs like fuel and energy.
However, what is expected is that the year 2022 will bring even more job vacancies to the industrial sector in Rio de Janeiro. To achieve this, it is essential that policies for attracting and retaining investments in the state and in the capital are reinforced to strengthen the regional economy.
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