Brazil Adds 213,002 Formal Jobs in September, Beating Forecasts as Hiring Moderates

Overview

• The result exceeded the median market projection of roughly 172,500, with estimates spanning 136,000 to 220,000.
• From January through September, net creation reached 1,716,600, below the 1.995 million in the same 2024 interval.
• Services led hiring with 106,606 jobs as industry (43,095), commerce (36,280), construction (23,855) and agriculture (3,167) also added workers.
• All 27 states and the Federal District posted positive balances, led by São Paulo (+49,052), Rio de Janeiro (+16,009) and Pernambuco (+15,602).
• The average hiring salary was R$2,286.34, down 0.9% in real terms from August, and non‑typical contracts recorded a net gain of 44,781.