FX.co ★ Brazil’s CAGED Job Creation Slows Sharply in April 2026

Brazil’s formal labor market lost momentum in April 2026, as net payroll jobs creation measured by the CAGED registry fell to 85.89K, according to data updated on 28 May 2026.

The April result marks a sharp deceleration from March 2026, when the country recorded a net gain of 228.21K payroll positions. While the labor market remained in positive territory, the substantial drop in the pace of job creation suggests a cooling in formal hiring after a stronger first quarter performance.

Analysts and market participants will be closely monitoring upcoming releases to determine whether April’s weaker figure reflects a temporary adjustment or the beginning of a broader slowdown in Brazil’s employment dynamics.