Reuters, 07/23/2012
(Reuters) – Brazil’s economy added a net 120,440 payroll jobs in June, the labor ministry said on Monday, fewer than the number of jobs added the previous month and in June 2011, as a slowdown in the local and global economy begins to weigh on the labor market.
Brazil was expected to add 151,000 jobs in June, according to a Reuters poll.
Job creation has fallen in the last two months as a lackluster manufacturing sector leads factories to hire fewer workers.
June’s result was the worst for the month since 2009, when the country was still struggling with the fallout of the global financial crisis. The economy added 139,679 jobs in May and 215,393 jobs in June of 2011.
[...] that the domestic fiscal picture remains murky. Some of the more negative aspects included falling job creation rates, decreasing federal tax revenues, dwindling consumer confidence, and a social security program [...]