During September of this year, 16,000 formal jobs were recovered in the private sector, compared to the same month of 2019, according to the Monetary Program of the Central Reserve Bank (BCRP).
Adrián Armas, manager of Economic Studies of the issuing entity, said growth is 0.4% and is reflected only in the sector whose participation in the economy has been more dynamic during the pandemic (see table).
For instance, the agricultural sector rebounded by 25.2% (118,000 jobs) and the mining sector, by 7.3% (8,000 jobs); while in manufacturing there is a contraction of -2.7% (-13 thousand jobs) and in services, -6.6% (-125,000 jobs).
“In the case of the private sector, where employment had had a lower recovery than the public sector, in September a higher employment was reported for the first time (since the health emergency began) than it had before the pandemic,” Armas explained.
On the other hand, total jobs – considering the public and private sectors – increased 1.7% during September. “In August, formal employment had already exceeded its pre-pandemic levels (0.9%), in September this evolution has been maintained (1.7%),” the official said.
Finally, the formal wage bill went from 5.1% in August to 8.3% in September, maintaining its upward trend.
“This growth comes mainly from the side of the private formal labor market, which went (in terms of wage bill) from 1.5% in August to 5.6%,” said Armas.
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