Brazil losses 497,000 payroll jobs in Dec, worse than expected
BRASILIA Jan 25 (Reuters) - Brazil's economy shed a net 497,000 payroll jobs in December, the labor ministry said on Friday, a bigger drop than the median of analysts' forecasts of a loss of 402,000 jobs.
Brazil, Latin America's largest economy, added 46,000 payroll jobs in November.
In December, local businesses and industries tend to fire temporary workers after bolstering output ahead of the Christmas holidays.
For the whole year, Brazil created 1.3 million new jobs, the ministry said.
- A week on, Gaza war takes on deadly routine despite calls for truce |
- Ukraine says Russian army officers fighting with rebels |
- German database study hints diabetes drug cuts Alzheimer's risk
- Special Report: How Italy became a submerging economy
- Exclusive: YouTube weighs funding efforts to boost premium content - sources