Small businesses account for 71% of jobs created up to September
Micro and small businesses accounted for 1.1 million (or 71%) of the total of 1.5 million new formal jobs created in Brazil between January and September 2023. The months of August and September were the most favorable, with 219,330 and 211,764 new formal jobs respectively.
The figures can be found in a report released Monday (Nov. 6) by the Brazilian Micro and Small Business Support Service (Sebrae), based on data from the Ministry of Labor.
According to Sebrae, of the more than 211 thousand openings created in September, 147,173 were in micro and small businesses (69.5 percent of the total). Of the 219 thousand created in August, 160,899 were in small businesses—73.17% of all posts created in the month.
Medium-sized and large companies generated 307,900 new jobs—19.2 percent of the 1.5 million new jobs generated in the time span.
In Sebrae head Décio Lima’s view, these positive figures indicate the resumption of prosperity in Brazil.
“Job generation ensures that Brazil once again becomes the country of employability, allowing Brazilians to start consuming again and generating income,” he said, pointing out that the country's economy is “strengthening” with a growing GDP, a trade balance surplus, and controlled inflation.
Highlights
The services sector was reported as the biggest contributor to job creation in September. “Considering the entire group of micro and small companies, 68,400 openings were filled. Second comes commerce, with 37,300 vacancies, followed by construction, with 19,800 jobs created.”
Among medium-sized and large companies, services (26,500), manufacturing (24,400), and commerce (6,000) stood out in September. Year to date, the highlights were services (177,600), manufacturing (90,000), and construction (26,000).
