Small companies have been answerable for 8 out of 10 jobs created in October

In the accumulated of 2022, micro and small companies are responsible for 71.6% of new hires

For the tenth consecutive month, micro and small companies had a positive balance in the generation of jobs in the country. According to a survey carried out by the Sebraebased on data from the General Register of Employed and Unemployed People (Caged) for the month of October, the small business were responsible for about eight out of every ten new jobs created in the country.

The positive balance of jobs generated by companies of all sizes in Brazil, in October, was 159,454, with small businesses alone creating 125,114, that is, 78.5% of the total.

“The jobs created in Brazil show a 41% reduction when compared to the monthly average of the last 5 months, but despite this drop, all these numbers are in line with the drop in the unemployment rate provided by the IBGE. Currently, that rate stands at 8.3%. In January of that year, it was 11.2%. A considerable decrease of almost 3 percentage points, with small businesses being largely responsible for this reduction and showing that they are essential for the Brazilian economy”, emphasizes the president of Sebrae, Carlos Melles.

In the accumulated of 2022, Brazil already accumulates 2.320 million new jobs. Micro and small companies were the main job generators with 1.661 million (71.6%) new hires. The participation of medium and large companies in the generation of jobs is 22% with 513 thousand hires.

“The comparison of 2021 with 2022 shows practically identical scenarios. Analyzing only MPE and MGE, it is observed, in both periods, micro and small companies being responsible for approximately 77% of the new jobs created”, points out the president of Sebrae.

Sectors

In relation to the seven sectors of the economy analyzed, only micro and small companies had a positive balance in all of them. Medium and large companies had a negative balance in Civil Construction and Mineral Extraction.

In Services, the balance of hires of small businesses was 60.2 thousand, more than double the medium and large businesses that increased their staff by 29.1 thousand new hires.

Hiring by small businesses in Commerce was also much higher: almost five times more than medium and large businesses. There were 39.1 thousand against 8.3 thousand.

In the accumulated result for 2022, MSEs, in the Services sector, were the ones that hired the most with 850,781 new jobs, followed by Civil Construction, 274,679, and Commerce with 262,143. In MGE, Services also leads with 327,511 new hires, followed by the Manufacturing Industry, 176,161 new hires.

Source: Sebrae Agency