The Antecedent Employment Indicator (Iaemp), calculated by the Getulio Vargas Foundation (FGV), dropped 0.8 points from June to July and reached 81.1 points. That was the first drop after three consecutive months of highs.
The indicator seeks to anticipate trends in the labor market for the coming months, based on interviews with consumers and entrepreneurs in the industry and services.
Four of the seven components of Iaemp retreated, in particular, the current situation of industrial business and expected employment in the service sector. Among the components that rose, the highlight was the expected employment in the industry.
