Resumption of activity boosts job creation, according to experts

This Thursday (28), new data from the Caged (General Register of Employed and Unemployed) were released. The result shows that, in June, the country opened 277,944 formal job vacancies.

For specialists, the balance sheet shows that the reflexes of the resumption of economic activity after the pandemic still make the market remain heated. Mainly, according to them, driven by the service sector, which is still recovering.

The June result is slightly higher than the balance of 274,582 formal vacancies in May. The last two months showed an increase in relation to April, which had 197,443 registered jobs.

In the accumulated result for the year, the country registers 1,334,791 new jobs, a number lower than last year in the period from January to June, when 1,478,997 jobs were registered.

Resumption continues to heat up the market

For Insper economics professor Juliana Inhasz, the results of Caged and other employment indicators in Brazil are showing a persistent recovery of the economy.

“It shows that we are absorbing on the formal side, although it is still a low number when compared to the workforce. But it is an important number, an interesting number. And also for the fact that the characteristic of this formal job has also been persistently better,” he said.

However, the specialist remembers about informality. According to Inhasz, there is still a relatively low creation of formal vacancies compared to high informality, as has been observed by data from the PNAD Contínua.

According to the latest data from the Continuous PNAD released by the IBGE in June, the country’s informality rate stood at 40.1% of the employed population, against 40.2% in the previous quarter and 39.5% in the same quarter of 2021.

Another point addressed by specialists is inflation as a factor that also contributes to an increase in hiring.

“With the drop in income that inflation has brought, we have a scenario of people with lower incomes, which makes labor cheaper,” said Joelson Sampaio, an economist at FGV.

Service sector

The figures show that, in the month of June, the five groups of economic activities had a positive balance, with emphasis on the services sector, with the generation of 124,534 new formal jobs, distributed mainly in information, communication and financial activities. , real estate and administrative (65,827 posts).

LCA Consultores economist Bruno Imaizumi assesses that the result of Caged “surprised again” and highlights the sub-sector of administrative activities and complementary services – which is part of the service sector and was responsible for 41,600 jobs in June.

“This is a reflection of companies’ return to face-to-face or hybrid work arrangements. With them returning to their offices, we have the hiring of people for certain services [nos locais]”.

Still on services, Imaizumi explains that the accommodation and food segment is the only one that has not yet recovered all the losses caused by the pandemic, with a “fall of 0.3% when looking at the stock of February 2020”.

The economist reiterates the importance of the resumption of economic activity for the result and also mentions that this activity has been benefiting from fiscal stimuli and transfers of public resources to various segments of the population that were approved by Congress – as is the case of the PEC dos Vantagens.

Salary

In the national average, the starting salaries paid to those who were admitted to a new job in May was R$ 1,922.77. Compared to the previous month, there was a real increase of R$ 12.99 in the average admission salary, a variation of around 0.68%.

Bruno Imaizumi explains that the improvement movement is positive. However, the economist says that, when looking at the inter-annual assessment, there is still “a significant drop of approximately 5%”.

According to revised estimates by LCA Consultores, Brazil should end the year 2022 with the creation of 1.9 million formal jobs. The consultancy’s previous projection was 1.5 million vacancies.