A study conducted by the Brazilian Micro and Small Business Support Service (Sebrae) reveals that micro and small businesses have been responsible for creating seven out of ten jobs with formal contracts this year. From January to May, Brazil generated a total of 865,360 formal jobs, with micro and small enterprises accounting for 594,213 of them, representing 69 percent of the total.

When analyzing the sectors that contributed the most to job generation in small businesses from January to May, the services sector led the way with a net increase of 339,127 positions, followed by construction (123,937), manufacturing (64,754), and trade (34,127).

The survey also indicates that the positive balance of job creation with formal contracts by micro and small enterprises was observed across all 26 Brazilian states and the Federal District.