After the creation of 168,503 vacancies in January (data revised this Wednesday, 27th), the formal job market recorded a positive balance of 306,111 signed jobs in February, according to data from the General Register of Employed and Unemployed Persons (Caged) released yesterday by Ministry of Labour.
The result resulted from 2,249,070 admissions and 1,942,959 dismissals, and represents a 21.2% increase compared to February last year, when 252,451 formal jobs were opened. Some experts have already stated that the warming of the job market could cause the Central Bank (BC) to slow down the pace of cutting the basic interest rate, the Selic. The Minister of Labor, Luiz Marinho, classifies the strategy as “dumb”.
The February number was above the median estimates of analysts consulted by Projeções Broadcast, which indicated the opening of 232.5 thousand jobs.
In the first two months of 2024, the Caged balance is already positive at 474,614 vacancies. In the same period last year, there was a net creation of 342,509 formal positions.
The balance of vacancies was again driven by the services sector, with the creation of 193,127 formal positions, followed by general industry, which opened 54,448 vacancies. Civil construction generated 35,053 jobs, while commerce registered 19,724 jobs. There were also 3,759 hires in agriculture.
The average salary for admission to jobs with a formal contract was R$2,082.79, a decrease of 2.36%, or R$50.42, compared to January.
‘Dumb’ way
The Minister of Labor, Luiz Marinho, assessed that the Caged data were “above expectations”, but criticized the concern expressed by the BC about the growth of the wage bill and the effects on service inflation, which could have an impact on the downward process. of interest. “We need to study a little about the fundamentals of the economy,” said Marinho about the monetary authority.
The minister said that there are two ways to control inflation: in a “dumb” way, by increasing interest rates and cutting credit, and in a “smart” way, which would be by increasing production and supply. According to him, the BC must collaborate with the economy by reducing interest rates.
The information is from the newspaper The State of S. Paulo.
