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LatinNews Daily - 30 September 2025
In brief: Brazil’s job creation up in monthly terms, down year-on-year
*Brazil’s labour ministry has released the job creation figures for August, showing a net 147,358 new jobs created, resulting from 2.24m new hires and 2.09m dismissals. This latest job creation figure is up from the net 134,251 new jobs created in July, but down from the net 239,069 jobs in August 2024. In a press release, Brazil’s labour minister, Luiz Marinho, is cited as highlighting the country’s high benchmark interest rate (Selic) as one of the main factors that has moderated the growth of the labour market. The Selic rate has stood at 15.0% since July, with economists and analysts projecting it to remain at this high level for the rest of 2025.
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