Layoffs outnumber hirings in Brazil

According to consultant Robert Half, in the first quarter of 2019, hirings were rescheduled in just three professions: programmers, quality inspectors, and database administrators grew their "cadres" in Brazil between January and March. Engineers had the most negative balance, with the closing of 1,003 jobs. Following are sales manager (567 closed positions), lawyer (486 vacancies closed) and financial manager (484 vacancies closed).

According to the Folha de S.Paulo newspaper, "the rate of unemployment of skilled labor — which has higher education — stood at 6.1% in the first quarter of this year, the highest since the beginning of 2017."

Thus, once again the careers in technology are armored in the face of the crisis. Hence the undeniable importance of government to understand the demands of the market and be ready to train workers and respond to changes in the labor market. However, nowadays, while the Brazilian labor market continues to look for coherent profiles with the technological revolution in progress, the country is still at odds over the teaching of technology in schools and universities. So far the government of Jair Bolsonaro has not presented any plans to meet these needs in the area of education.

In recent days, Education Minister of Brazil Abraham Weintraub has stated in an event that "there is no condition to maintain the current structure of public education."

Financial market points to Brazil's GDP at 0.87% in further reduction of growth estimate of the economy; reserve period for the purchase of Petrobras shares (PETR3; PETR4) ends today

For the 17th consecutive reduction, the Focus Bulletin, made by the Central Bank of Brazil indicated that the country's economy should grow less. The Focus Report is based on financial market estimates. According to the Focus Bulletin released today, June 24, 2011, the expectations of financial institutions for Brazil's Gross Domestic Product (GDP) in 2019 went from 0.93% to 0.87%.

Inflation expectations decline to 3.82% and the market begins to predict interest cuts. The figures presented today are the result of research conducted by the Central Bank of Brazil last week. The Selic, the basic interest rate in Brazil, is projected to 5.75% by the Focus bulletin. Currently, it is 6.5%.

Today, the reserve of shares on offer from Petrobras also ends. The state-owned company is on the street with an offer of shares that could reach R$ 7.672 billion. The state bank Caixa Econômica decided to dispose of all its common shares of the oil company. Of the total, up to 24% will be primarily negotiated with individuals.

Jair Bolsonaro accuses the Brazilian National Congress of emptying the Executive and supporters of the president launch the hashtag #ReajaBolsonaro

Over the weekend, President Jair Bolsonaro criticized the bill approved by Congress in May 2019. According to him, the text removes the government's powers over the appointment in regulatory agencies. "Do you want to leave me as Queen of England?" Asked Bolsonaro, referring to the monarch who is head of state of the United Kingdom, but does not exercise administrative functions. Parliamentarians denied that the Executive was void. Supporters of the president have launched the hashtag #ReajaBolsonaro (which can be translated by "come on, Bolsonaro, fight back).

According to a bill approved by Congress, the president will now appoint leaders from a triple list chosen by a commission. Text awaits the President's sanction.

The president of the Chamber of Deputies, Rodrigo Maia, responded by saying that Bolsonaro did not understand the bill.

Opposition senator Randolfe Rodrigues wrote that "the president should either change legal advice or read the approved bill before firing his machine gun at improprieties: he understood nothing! He will continue to appoint the directors of the regulatory agencies."

Therefore, the Bolsonaro administration continues to accumulate defeats in Congress, even after an attempt at rapprochement with politicians. The present government presents enormous difficulty in carrying out any type of political negotiation.

#TontosDoMBL: According to The Intercept Brasil and Folha de S. Paulo, Moro says that "fools of the MBL" made a demonstration to defend him

The publication by The Intercept Brasil website and the newspaper Folha de S.Paulo of conversations between the then judge and current Justice Minister Sergio Moro and Lava Jato's prosecutors reveal that there was an articulation to protect Moro and prevent tensions between him and STF ministers (Supreme Federal Court Brazil) could pause investigations of the task force.

In the conversations released by The Intercept Brasil, Moro speaks of a protest organized by "some fools of that Free Brazil Movement," in which protesters criticized STF minister Teori Zavascki (killed in a plane crash in 2017).

Because of this, between yesterday and today (23.Jun.2019), the hashtag #TontosDoMBL has become the most talked about topic on Twitter.

Groups like MBL, Vem pra Rua and Revoltados Online form a kind of Brazilian Tea Party and are deeply linked to the movements of the political right in the country. Until yesterday, these groups had Sergio Moro as a kind of hero.

Luciano Hang, a Brazilian businessman who owns the Havan chain of shops and a well-known Bolsonaro government supporter, celebrates recent layoffs of journalists on the SBT television channel

Luciano Hang, the owner of Havan, used social networks to congratulate the recent layoffs of journalists on the SBT television channel in Brazil. He also said the broadcaster should dispense with Rachel Sheherazade, a conservative commentator, and journalist on the channel's main newspaper. Today, 22.Jun.2019, Sheherazade said she will sue the businessman.

Hang is one of the top advertisers on the SBT channel. After Sheherazade's public response, Hang said she should "work on Cuban state TV Cubavisión, a great place for those who think like you."

Paradoxically, the business of Bolsonaro's supporter and harsh critic of the Brazilian left grew greatly during the years when Brazil was governed by left-center governments, that is, the Workers' Party.

According to Folha de S.Paulo newspaper, Hang was warned by the Labor Court of Brazil, which threatened him with a fine of R$ 500,000 if he pressured his employees to vote in Bolsonaro in 2018. This happened after Hang recorded a video in which he warned employees that he could stop creating jobs if his candidate (Bolsonaro) did not win the election.

According to Folha de S. Paulo, the problems of the businessman with the Brazilian court "are not new. Hang was the target of at least two criminal convictions for evasion of foreign exchange and tax evasion."

Toyota announces the dismissal of 840 employees at factories in Brazil

After a reduction in exports, Toyota's plants in Sorocaba and Porto Feliz, in the interior of the state of São Paulo, in Brazil, will have 840 layoffs. Most of this group is made up of employees hired for a set time for the opening of a third shift, which will cease to exist. The company said it will work with two shifts in the units as of August 5, 2019. According to the metalworkers' union, further layoffs may occur, as the company is stocked with 32 days of sales.

The factories where the layoffs are occurring are responsible for the production of the Yaris and Etios models. So far, three hundred and forty officials have already been dismissed and another 500 will not have their contracts renewed.

According to the magazine Quatro Rodas, a Brazilian automotive publication, Toyota defended itself by stating that the layoffs are the result of "a sharp drop in sales to Argentina. The neighboring country accounts for 93% of the demand for vehicles manufactured for export. turn account for 30% of production in Sorocaba."

Brazil's Agriculture Minister Tereza Cristina declares support for the election of Chinese candidate for FAO direction

Brazil's Agriculture Minister Tereza Cristina, is in Rome, Italy, for the 41st Conference of the United Nations Food and Agriculture Organization (FAO), to be held tomorrow, June 22, The entity will choose its new director-general on Sunday, June 23. 19.20. Tereza Cristina declared Brazil's support for the election of China's Deputy Minister of Agriculture, Qu Dongyue, to the post of Director-General of FAO.

For the minister, this may increase cooperation between the two countries. Tereza Cristina work to open the Asian market for Brazilian beef exports.

B3: Ibovespa sets a new record and reaches 102 thousand points

The Ibovespa traded today in a high and hit a new record, above the 102 thousand points. In the week, the main stock index of the Brazilian financial market accumulated a gain of 4.05%, the highest increase since the last week of December 2018.

The optimism of Brazilian investors is a direct result of the growing possibility of interest cuts in the United States and the increase in the voting chance of the Pension Reform in Brazil.

The Broadcast website today reported a report in which the analyst at Terra Investimentos Régis Chinchila said that the signaling that central banks in the US and other parts of the developed world can reduce interest rates is positive for Brazil.

Brazil spends 4.1% of GDP to pay interest and public debt charges in 2018

A report by the Federal Audit Office (TCU) shows that in 2018 the federal government spent $ 279.6 billion on interest and debt charges. The figure represents 10.1% of all committed expenditures (R $ 2.7 trillion) and 4.1% of GDP (Gross Domestic Product).

Gross debt, which accounts for the liabilities of federal, state and municipal governments, rose in March, according to data from the Central Bank (BC), released 30.Apr.2019 to R$ 5.431 trillion. The value corresponded to 78.4% of the Gross Domestic Product (GDP, the sum of all goods and services produced in the country), 0.9 percentage points more than in February. This ratio between debt and GDP is the highest in the historical series, which began in December 2001.

The same report indicates that tax waiver reached R$ 314.2 billion, corresponding to 25.6% of net primary revenue and 4.6% of GDP. According to the TCU, the waiver of social security contributions surpassed R$ 62 billion in 2018.

São Paulo Stock Exchange, the B3, rises 0.9% and reaches 100,303 points; Natura (NATU3) leads high

Shortly after Fed Chairman Jerome Powell announced that he would keep interest rates in the US between 2.25% and 2.5% a year, the Ibovespa returned to reach 100,000 points today (19.June.2019) in Brazil. 

The commercial dollar, in turn, fell 0.25% today and reached R$ 3.85 in the sale. It was the second low followed by the currency and the lowest since April 10 (R$ 3,824) in 2019.

The shares of Natura (NATU3), a cosmetics company, rose 5.3% and led the highs in the Ibovespa today, after news that the cosmetics manufacturer got in court right to a tax benefit.

Natura obtained in the Federal Regional Court (TRF) of the 3rd Region, in São Paulo, the right to exclude up to 60% of its expenses from income tax and Social Contribution on Net Income (CSLL). technological research and development of technological innovation.

Long-term unemployment grows in Brazil

According to data released by the Institute of Applied Economic Research (Ipea), the number of Brazilians seeking employment for more than two years rose 42.4% between the first quarter of 2015 and the same period in 2019. Since then, the number of people in these conditions has reached 3.3 million. The situation affects women and the North and Northeast regions more intensely. According to Ipea's assessment, unemployment should only begin to subside as of next year.

According to the Valor newspaper, the percentage of long-term unemployed in the country increased from 17.4% in the first quarter of 2015 to 24.8% in the same period this year, reaching a level of 3.3 million people.

According to the G1 website, the study concludes that the Brazilian labor market, therefore, remains quite deteriorated, with large numbers of unemployed, discouraged and underemployed.