Brazil sheds 62,844 jobs in April, more than expected

25 May, 2016

SAO PAULO: Brazilian factories, farms and services companies shed a net 62,844 payroll jobs in April, providing the latest evidence of job losses caused by the country's worst recession in decades.

Economists surveyed by Reuters had expected a net 40,000 formal jobs to close last month, according to a median poll estimate.

It was the 13th consecutive month of job losses in Brazil, according to the Labor Ministry's report.

Copyright Reuters, 2016

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