671,000 formal jobs have not yet recovered compared to 2019

The National Institute of Statistics and Informatics (INEI) reported that, at least, there is a gap of 149,100 (-3%) unemployed people in Metropolitan Lima during the moving quarter of September-October-November, compared to a similar period in 2019 .

Through its twelfth report “Situation of the Labor Market in Metropolitan Lima”, the statistical office revealed that, of the 4 million 961 thousand 900 people counted as employed in 2019, around 4 million 812 thousand 800 could be reactivated for this year.

In addition, during the season leading up to the year-end festivities in 2021, the employed population with adequate work decreased by 20.8%, equivalent to 671,100 people, compared to 2019.

Thus, while the employed population in 2019 with adequate work in the capital was in the order of 3 million 231 thousand 700, in the comparative period of the moving quarter of 2021 it only produced a result of 2 million 560 thousand 600. For 2020, this This figure was 2 million 080 thousand 700.

Compared with the same period in 2020, the population with adequate employment between September and November of this year increased by 23.1%, equivalent to 479,900 people. This is part of the statistical rebound in post-pandemic employability.

“In this mobile quarter, the population with adequate employment reached 2,560,600 people and represented 48.4% of the total economically active population of the capital of the Republic,” the report states.

Half a million more underemployed

For its part, the INEI report reveals that, between September and November 2021, 522,000 more were registered Peruvians underemployed (30.2%) than in the same period of 2019. This, after the underemployed population in Metropolitan Lima went from 1 million 730 thousand 200, in the prepandemic year, to 2 million 252 thousand 200, today.

In this line, the underemployed employed population increased by 9.2%, equivalent to 190,200 people, compared to 2020; while the underemployed due to insufficient working hours (visible underemployment) decreased by 21.2% (176 thousand 300 people) and the underemployed due to income (invisible underemployment) increased by 29.8% (366 thousand 500 people), for the same period.

INEI: what is the EPE?

As of March 2001, INEI executes the Permanent Employment Survey (EPE) on a monthly basis. This survey is carried out in the districts of the province of Lima and the Constitutional Province of Callao.

The purpose is to obtain information to estimate labor market indicators in the short term, which are disseminated monthly through the Technical Report on the Labor Market Situation in Metropolitan Lima.

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