Small companies generate 70% of latest jobs in July

Small companies generate 70% of latest jobs in July

Brazil has already surpassed the mark of 1.5 million jobs created, with micro and small companies responsible for 1.1 million

At micro and Small business were responsible for seven out of ten formal job vacancies created in July this year, maintaining the pace of job creation registered in the first six months of the year.

The survey was carried out by the Brazilian Support Service for Micro and Small Enterprises (Sebrae), from data from the General Register of Employed and Unemployed (Caged), of the Ministry of Labor and Welfare.

You small business showed a positive balance of 176.8 thousand new hires, against a balance of 50.6 thousand medium and large jobs, which corresponds to 70.2%. According to Sebrae, the monthly average of jobs generated by small businesses, since the beginning of the year, remains above 160 thousand.

In the accumulated of 2022, Brazil already surpasses the mark of 1.5 million jobs created, with micro and small companies responsible for 1.1 million (72% of the total). In turn, medium and large companies created 327,200 jobs (21%).

“Just as it had already been recorded in May and June, all sectors, of all sizes, had positive hiring balances in July. Among micro and small companies, the three sectors that generated the most jobs remained: services (61,996), commerce (34,469) and construction (30,661)”, says Sebrae, in a note.

The entity celebrated the recovery of the service sector, heavily impacted by the covid-19 pandemic:

“The strong recovery of services is also detected when analyzing the accumulated for the year. Among small businesses, this sector alone generated almost 600 thousand jobs among the 1.1 million created by the segment. All sectors of small businesses have a positive balance of job creation. Among medium and large companies, the only segment that continues with a negative balance is the commerce sector”.

Source: Agência Brasil

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