Over 80 thousand jobs cut in Brazil in January

Global Business

Brazil’s economic slowdown is beginning to affect the country’s labor market. While we’ve yet to see any dramatic shifts, the problem is starting to show up on analysts’ radar screens. CCTV’s Paulo Cabral filed this report from Sao Paulo.

Over 80 thousand jobs cut in Brazil in January

Over 80 thousand jobs cut in Brazil in January

Brazil's economic slowdown is beginning to affect the country's labor market. While we've yet to see any dramatic shifts, the problem is starting to show up on analysts' radar screens. CCTV's Paulo Cabral filed this report from Sao Paulo.

Highlights:

  • Around 81,774 jobs were cut in January in Brazil. It was the worst single month for employment since 2009.
  • Brazil’s unemployment rate rose to 5.3 percent in January.