Brazil sheds net 331,901 formal jobs in May: Economy Ministry

imageEconomic Indicators8 hours ago (Jun 29, 2020 01:55PM ET)

(C) Reuters. People look at job listings posted on a street in Sao Paulo

BRASILIA (Reuters) – Brazil’s economy lost a net 331,901 formal jobs in May, the Economy Ministry said on Monday, another month of heavy job losses due to the COVID-19 crisis but less than half the record 860,503 jobs shed in April.

This brings the total number of formal jobs lost so far this year to 1.14 million, the ministry said.

Brazil sheds net 331,901 formal jobs in May: Economy Ministry

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