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BRASILIA Oct 26 Job cuts in Brazil increased unexpectedly in September, according to government data, in another sign that the country's two-year-long recession took a turn for the worse.
Brazil shed a net 39,282 payroll jobs in September, the Labor Ministry said on Wednesday, compared with 33,953 job cuts in August and 95,602 in September 2015.
Economists expected payroll jobs to decrease by 16,000 in September, according to the median forecast in a Reuters poll.
Brazil's economy is expected to shrink more than 3 percent for a second straight year in 2016. With 12 million workers officially considered unemployed, the economy shed 1.6 million jobs over the past 12 months.
In September, the Labor Ministry recorded a net 27,591 job cuts at construction companies and 15,144 job losses at services firms. Manufacturers and retailers reported job gains, but hired only 9,363 and 3,940 workers in the month, respectively.
MEXICO CITY, Oct 26 Mexican factory exports posted their biggest monthly rise in more than seven years in September, powered by increased demand for autos, data from the national statistics agency showed on Wednesday. Adjusted for seasonal swings, factory exports jumped by 7.4 percent in September from August after a decline of 3.5 percent the previous month. The increase was the biggest since August 2009. Exports in the auto industry were up by 7.8
SAO PAULO/BRASILIA, Oct 26 The share of loans delinquent for at least 90 days in Brazil was unchanged at a record high in September, a signal that efforts by commercial banks to refinance looming debt maturities are yet to help ease the country's worst credit crunch in two decades. Thanks.
BRASILIA Oct 26 Job cuts in Brazil increased unexpectedly in September, according to government data, in another sign that the country's two-year-long recession took a turn for the worse.
Brazil shed a net 39,282 payroll jobs in September, the Labor Ministry said on Wednesday, compared with 33,953 job cuts in August and 95,602 in September 2015.
Economists expected payroll jobs to decrease by 16,000 in September, according to the median forecast in a Reuters poll.
Brazil's economy is expected to shrink more than 3 percent for a second straight year in 2016. With 12 million workers officially considered unemployed, the economy shed 1.6 million jobs over the past 12 months.
In September, the Labor Ministry recorded a net 27,591 job cuts at construction companies and 15,144 job losses at services firms. Manufacturers and retailers reported job gains, but hired only 9,363 and 3,940 workers in the month, respectively.
MEXICO CITY, Oct 26 Mexican factory exports posted their biggest monthly rise in more than seven years in September, powered by increased demand for autos, data from the national statistics agency showed on Wednesday. Adjusted for seasonal swings, factory exports jumped by 7.4 percent in September from August after a decline of 3.5 percent the previous month. The increase was the biggest since August 2009. Exports in the auto industry were up by 7.8
SAO PAULO/BRASILIA, Oct 26 The share of loans delinquent for at least 90 days in Brazil was unchanged at a record high in September, a signal that efforts by commercial banks to refinance looming debt maturities are yet to help ease the country's worst credit crunch in two decades. Thanks.
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