Overview
- The ENOE survey shows a net monthly loss of 1,302,773 occupied persons in August, the steepest drop since January 2022, leaving 59.5 million employed and the economically active population at 61.3 million.
- Losses were concentrated in informal employment, which fell by about 1.5 million, while formal jobs rose by 197,127; the informality rate stood at 54.8% or 32.6 million people.
- Services erased roughly 1.0 million positions and primary activities lost about 416,830, while secondary activities posted a net gain of approximately 185,439 jobs.
- Women bore the brunt of the downturn with an estimated 767,113 positions lost, compared with 535,660 for men; subemployment eased to 7.1%.
- Year‑to‑date job creation totals only about 178,300, and ManpowerGroup’s Q4 outlook shows a 27% net hiring trend with forecasts of roughly 40,000 to 150,000 formal jobs and many firms holding payrolls steady.