Market Intelligence Reports

Latin America Market Report Q1 2023

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Talent Solutions – Latin America Q1 2023 | 41 437 Open Positions Slightly Difficult 559 Open Positions Slightly Difficult 523Open Positions Slightly Difficult 588 Open Positions Slightly Difficult 8,537 Open Positions Less Difficult Healthcare Banking & Financial Services Technology Manufacturing All Jobs Median Salary Open Positions $6,915 Median Salary Open Positions $9,580 Median Salary Open Positions $9,710 Median Salary Open Positions $5,510 Median Salary Open Positions $6,270 BRL 34,650 BRL 48,000 BRL 48,650 BRL 27,600 BRL 31,400 Belo Horizonte TalentNeuron As at Q1 2023 2020 Total Labor Force (000s) 3,054 3,031 Employed Workers (000s) 2,815 2,614 Unemployed Workers (000s) 239 416 Unemployment Rate 7.8% 13.7% Ave Monthly Real Wage – Metro Area (Q4 2022) Change % Compared to Q4 2019 Brazil ( Average) All Jobs R$3,093 11% R$2,727 Service / Merchants R$2,235 17% R$1,989 Elementary Occupations R$1,297 -2% R$1,250 Science Professionals R$5,875 0% R$5,665 Mid Level Professionals R$3,487 -1% R$3,543 Admin, Support Workers R$2,049 5% R$2,137 Federal Minimum Wages were increased in May 2023. The new general minimum wage is R$1,320 per month. Minas Gerais has state legislation which may set a higher minimum wage than the Federal rate. https://sidra.ibge.gov.br/tabela/ Minimum Wages Average Wage by Selected Sector Hiring Demand Trend for All Positions Hiring Demand Trend by Selected Job Function Labor Statistics Change in Labor Statistics Over Time Hiring Situation for Selected Industries

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