Brazil Net Payrolls

THE RELEASE Net Payrolls (Brazil) was reported at 166 thousand in September 2026. This beat the market consensus of 96 thousand by 70 thousand. The reading rose from the previous value of 59 thousand. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 50 thousand, ranging from -618 thousand to 255 thousand across 10 releases. WHY IT MATTERS The trailing three releases averaged 92 thousand, down from the prior three at 151 thousand. Volatility over the past year (σ 231 thousand) is comparable than the prior year (σ 218 thousand). In August readings over the past 3 years, Net Payrolls has averaged 136 thousand. THE MODEL'S TAKE Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 32 thousand. WHAT TO WATCH NEXT The next release is scheduled for October 29, 2026. Same-country events in the next 14 days include Gross Domestic Product MoM (Sep 30) and Unemployment Rate (Sep 30). Auto-generated from current model state · Refreshes on each release · Last update August 2026.