FX.co ★ Brazil’s Job Market Accelerates as CAGED Net Payroll Gains Nearly Triple in August

Brazil’s labor market showed a strong acceleration in August 2026, with CAGED net payroll jobs rising to 165.83K, nearly three times the pace recorded a month earlier. In July 2026, the indicator had stood at 58.57K, underscoring a sharp month‑on‑month improvement in formal job creation.

The latest figures, updated on 29 September 2026, highlight a significant strengthening in Brazil’s formal employment dynamics as measured by the CAGED registry. The jump in net payroll jobs suggests a broad-based pickup in hiring, which, if sustained in the coming months, could signal improving confidence among employers and a more resilient trajectory for the country’s labor market.