Brazilian Agribusiness Sees Record Employment At 28.6 Million

(MENAFN- The Rio Times) As the first quarter of 2024 unfolded, Brazil's farming sector reached an unprecedented peak, employing 28.6 million individuals.

This record figure is a result of a partnership between Cepea at Esalq/USP and the Brazilian Confederation of Agriculture and Livestock (CNA).

Consequently, agribusiness now represents 26.85% of all jobs in Brazil, slightly up from 26.67% the year before.

The employment growth in agribusiness , which saw an increase of approximately 827,000 jobs, surpassed the national growth rate.

Specifically, the national rate stood at 2.3%, accounting for about 2.38 million new jobs.

The agroservices sector saw a 9.9% employment boost, highlighting strong activity in transportation, storage, and administration.

Furthermore, the agro-industrial segment grew by 3.4%, adding 149,179 positions.

This increase was driven by more formal employment contracts, reflecting a trend towards greater job security.

Additionally, educational levels among workers have shown improvement, aligning with the sector's growth.

Notably, there was a rise in female participation, marking a shift towards a more inclusive workforce.

These changes not only strengthen Brazil's position as a key player in global agriculture but also highlight the sector's capacity to foster economic stability and growth.

The ongoing expansion of agribusiness is a crucial part of Brazil's economic narrative, illustrating broader trends of formalization, education, and workforce inclusion.


The Rio Times

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