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BRASILIA, June 19 (Reuters) - Brazil's economy shed a net 115,599 payroll jobs in May, the labor ministry said on Friday, frustrating forecasts for a smaller pace of layoffs as Latin America's largest country heads towards a likely recession.
Brazilian firms were expected to have fired a net 38,000 workers in May, according to the median forecast of eight economists. Brazil lost 97,828 jobs in April. (Reporting by Silvio Cascione; Editing by Chizu Nomiyama)