Brazil added a net 59,856 payroll jobs in April, its labor ministry said on Tuesday, marking the second month of job creation this year as the economy starts to slowly emerge from its deepest recession ever. The job gains marked the first such rise for that month in two years. Brazilian companies typically add thousands of new positions in April, which coincides with the height of the harvest season in Latin America's biggest economy.
Nearly half of the jobs created last month were in the service sector, with the agriculture and transportation sectors posting the next biggest gains. "This is the second positive result we had have in more than a year," said Andre Perfeito, chief economist with Gradual Investimentos in Sao Paulo. "The result clearly shows a change in trend in the job market and points to a recovery."
Copyright Reuters, 2017