The opening of 328,500 formal job vacancies in February, according to Caged this Tuesday (29), is a “positive surprise, which came above expectations”, according to the researcher at the Brazilian Institute of Economics of Getúlio Vargas Foundation (FGV-IBRE), Daniel Duque.
“We are still seeing job creation in the service sector, driven by the end of all health restrictions and, of course, by vaccinating the entire population against Covid-19,” he said, in an interview with CNN Radio.
According to the economist, the recovery is positive, although it has been driven by the public administration. According to him, “you cannot expect great miracles from the job market”.
“The recovery will be slower, with earnings mass stagnating or falling, due to inflation.”
The question of income, for Duque, worries. Data from Caged and Pnad show a strong loss of purchasing power, due to inflationary pressure.
“The readjustments do not come close to replacing this loss, which is around 10%. We will continue to see a recovery in employment throughout 2022, but with lower wages,” he added.
The researcher stressed that strong inflationary pressure in the food and energy sector is still in sight, which will make incomes fall further.
Source: CNN Brasil
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