Leading employment gauge starts 2023 with 0.8 point drop in January, says FGV

Brazil’s leading employment indicator fell 0.8 points in January, starting 2023 with 73.9 points, according to data released on Tuesday by the Getulio Vargas Foundation (FGV).

The IAEmp, which anticipates the direction of Brazil’s labor market, had risen in December but fell again, remaining at historically low levels after a string of negative results in late 2022, the FGV said.

“Even expectations of an economic slowdown in 2023 do not leave much hope that the indicator will once again signal a positive trajectory. With the pandemic increasingly behind us, economic activity will dictate the pace of the labor market recovery” , reads a note. notes Rodolpho Tobler, economist at FGV Ibre.

In January, four of the seven components of the IAEmp contributed to the decrease in the indicator, with emphasis on the indicators measuring the Current Situation and the Evolution of Service Enterprises, which equally contributed with -0.6 points, and the Expected Services Employment, which contributed -0.4 points, said the FGV.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.