BRASILIA, March 17 Brazil's economy added a net
260,823 payroll jobs in February, the Labor
Ministry said on Monday, more than double what market analysts
expected in another sign of strength in the country's labor
Economists had expected the economy to add 110,000 positions
last month, according to the median forecast of 6 analysts in a
Reuters poll. The highest estimate was for the creation of
130,000 jobs that month.
Last year the Brazilian economy added a net 730,687 payroll
jobs without seasonal adjustments, the smallest number since
The pace of job creation has slowed in Brazil after three
years of meager growth, but unemployment remains
around record lows as more Brazilians opt to dedicate time to
education and training.