January job creation slows due to high interest rates

abcmais.com (Portuguese)

January's formal job creation was the lowest for the month since 2024, with 112,334 new positions. This slowdown was anticipated by the Minister of Labor, Luiz Marinho, attributing it to high interest rates impacting economic growth. Marinho expressed hope for lower interest rates to stimulate job market expansion, acknowledging the Central Bank's difficult decisions.


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January job creation slows due to high interest rates | News Minimalist