Information released today by the New General Register of Employed and Unemployed (Caged), of the Minsitério do Trabalho do Brasil, points to a drastic drop in the number of hires in the country was the main responsible for the negative balance of formal jobs in the first four months of 2020 in Brazil. 1,1 million formal jobs were closed in Brazil in March and April 2020, according to figures from the General Register of Jobs and Unemployed (Caged) released today by the Ministry of Economy.
In April of 2019, Caged had a positive balance of 129,601 formal jobs, resulting from 1,374,628 admissions and 1,245,071 dismissals. In the same month in 2020, there were 598,596 hires and the number of dismissals reached 1,459,099, generating a negative result of 860,503 vacancies closed.
According to the
newspaper O Globo, this result is, "by far, the worst data for job creation in Brazil since 1992, when the Caged historical series began. Before, the worst data had been recorded in 1992, when the country closed 142 thousand jobs in those two months".
These frightening figures show the impact of the pandemic, the current and profound national political crisis, and the complete lack of direction of the federal government, which has been going for two weeks without a Health Minister in the midst of a health crisis without precedent. Thus, the Brazilian labor market suffers one of the strongest strokes in the country's history.