Brazil creates fewer formal jobs than expected in October

BRASILIA, Nov 27 (Reuters) - Brazil's economy created a net 85,147 formal jobs in October, data from the Labor Ministry showed on Thursday, below the 105,000 expected by economists in a Reuters poll.

The net figure accounts for 2,271,460 jobs opened and 2,186,313 closed during the period, the ministry said.

It was the lowest monthly net formal job creation since March, and the lowest for any October since the indicator's methodology changed in 2020, adjusted data showed.

From January to October, 1,800,650 net jobs were created, down from 2,126,843 in the same period last year, according to the adjusted data.