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Economic Calendar

Brazil Job Creation Slows Sharply in July

Brazil created 58,568 formal jobs in July 2026, below forecasts of 112,000 and down sharply from 145,161 in June. The result reflected 2,262,888 hires and 2,204,320 layoffs. Four of the five major economic sectors posted positive job balances, led by services (+24,098 jobs), followed by construction (+12,691), agriculture (+12,523), and industry (+11,315). Commerce, meanwhile, recorded a negative balance of 2,056 jobs. Twenty-two of Brazil’s 27 states registered positive net payrolls. São Paulo posted the largest gain, with 17,814 jobs, followed by Mato Grosso (+5,766) and Minas Gerais (+5,199). Among states with negative balances, Espírito Santo recorded the largest decline, with 2,605 jobs lost, followed by Rio Grande do Sul (-903) and Tocantins (-366). The stock of active formal employment contracts reached 48,082,866, up 0.12% from June.

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