Brazil Gets Double-Whammy of Bad Data Pointing to Weaker Economy

Brazil posted the biggest monthly job loss and the highest loan delinquency rates in years according to data published on Thursday, the latest sign that the slowdown in Latin America’s largest economy is deepening.

The economy shed 618,164 formal jobs last month, far more than any estimate in a Bloomberg survey of analysts. The nation hadn’t seen losses on that scale since the height of the Covid-19 pandemic, government data showed.