Divulgação Novo CAGED Fevereiro_2026

CAGED Employment Report for February 2026

Overview of Employment Changes

• The CAGED report for February 2026 indicates a net gain of 255,321 jobs, with 2,381,767 hires and 2,126,446 dismissals.

• Positive job growth was observed across all five major economic sectors: Services (177,953), Industry (32,027), Construction (31,099), Agriculture (8,123), and Commerce (6,127).

• A total of 24 out of 27 states reported positive employment changes; São Paulo led with a significant increase of 95,896 jobs.

Sector-Specific Insights

• In the service sector alone, there were notable contributions from education (49,013 jobs) and administrative services (37,972 jobs).

• The industrial sector saw growth primarily in meat processing (2,028 jobs) and footwear manufacturing (2,273 jobs).

• Construction experienced an increase of 31,099 formal positions, particularly in building construction (12.66% growth) and infrastructure projects.

Demographic Breakdown

• Job creation favored women with a net gain of 155,064 positions, while men gained 100,257 positions.

• Young workers aged 24 and under accounted for 63.9% of new employment opportunities.

• The average real salary upon admission decreased by 2.3%, settling at R$ 2.346.97 compared to January's figures.

Year-to-Date Employment Trends

• For the first two months of 2026 combined (January & February), there was a total net gain of 370,339 jobs, predominantly in the service sector.

• Noteworthy sectors included public administration and health services which contributed significantly to job creation.

Challenges in Specific Sectors

• Despite overall gains in employment numbers across various sectors like agriculture (+31.930 jobs), commerce faced challenges with a loss of over 50.395 formal positions, particularly affecting retail trade related to clothing (-26.715).

This structured summary provides an insightful overview into the employment landscape as reported by CAGED for February 2026 while highlighting key trends across different sectors and demographics within Brazil's economy.

Discussion on Economic Data and Employment Trends

Overview of Recent Economic Data

• The speaker mentions economic figures for Santa Catarina (1.58) and Goiás (1.57), indicating a discussion about regional economic performance.

• A question arises regarding the timeliness of data, suggesting that there may have been delays in reporting numbers compared to previous expectations.

Analysis of Employment Trends

• Inquiry into the forecast for the remainder of the year, highlighting concerns over a decline in employment relative to last year.

• Discussion on February's employment numbers, noting an expectation for lower figures due to fewer working days compared to the previous year.

Seasonal Influences on Employment

• Explanation provided about March's low employment figures from last year being influenced by Carnival occurring in March, affecting available working days.

• Emphasis on how Carnival timing impacts employment statistics; when it falls in February, March typically sees higher numbers.

Current Economic Challenges

• Acknowledgment of ongoing global issues such as war and high interest rates complicating Brazil's economic recovery and job creation efforts.

• Positive note on January’s employment recovery following December layoffs, with expectations for continued growth into March.

Ministerial Meeting Insights

• Summary of a ministerial meeting where President Lula addressed ministers preparing for candidacy while discussing current economic conditions.

• No significant new directives were issued during this meeting; focus was instead on aligning communication among leaders across Brazil.

Concerns Over Credit Access and Family Debt

Limiting Interest Rates on Worker Credit

• Question raised about potential limitations on credit interest rates for workers; response indicates no immediate plans to impose caps but ongoing monitoring is essential.

Regulatory Developments in Credit Guarantees

• Discussion around upcoming regulations concerning guarantees for payroll loans, with assurances that updates will be shared soon.

Addressing Family Indebtedness

• Concerns expressed regarding family debt levels; government is exploring options to mitigate excessive borrowing practices impacting families' financial health.

This structured summary captures key discussions from the transcript while providing timestamps for easy reference.

Notification to Banks and Approval Process

Key Insights on Notification and Approval

• The notification to banks is scheduled for the end of May, with implementation expected in June. This indicates a timeline for financial operations.

• There is a concern regarding technological companies potentially causing delays or complications in the process, highlighting the importance of reliable partnerships.

• The discussion mentions "data prévio CPR," suggesting that there are specific data points or conditions that need to be met prior to finalizing decisions.

• The phrase "bater o martelo" implies a decisive moment where the curatorial council will finalize their approval, emphasizing the significance of this decision-making body.

• It is noted that the current status lacks formal approval from the council, indicating ongoing discussions and potential hurdles before moving forward.