The Labor Department reported that only 42,735 job openings were added in November, a balance 69% lower than the same month in 2010. It was the worst result since November 2008. The sectors that were hit the hardest (hence impacting the job numbers) were agriculture, manufacturing, construction and education.
The Central Bank already admits that foreign direct investment in 2012 will be lower, falling from US$65 billion in 2011 to US$50 billion, a balance that will be insufficient to cover the expected shortfall of US$65 billion in current transactions between Brazil and other countries. This current deficit gap of external accounts between Brazil and the rest of the world is expected to increase (from this year’s US$53 billion to US$65 billion) because:
Having said that, there is no reason to panic yet considering that this data alone is not enough to ring alarm bells on Brazil’s economy. But Brazil’s government better watch out and do their homework wisely, after all the data stated above is at least worrisome.