Unemployment and informal employment increased the previous year

The situation of the labor market in Metropolitan Lima has not yet recovered the levels seen before the arrival of the pandemic generated by COVID-19, according to the latest report from the National Institute of Statistics and Informatics (INEI).

At the end of 2023, 110,000 formal jobs (-3.5%) could not be achieved compared to 2019, although the improvement is notable when compared to 2022 (it grew 6.6%).

What is worse, underemployment or low-quality work (without rights or social benefits) welcomed 413,000 more people compared to 2019. In total there are 2,155,000 compatriots who work under this condition in the capital.

Meanwhile, and as a result of the slowdown in the economy in 2023, the number of unemployed also grew. 379,000 were registered, which is 33,500 more people without being able to generate resources to take home or 9.7% more than in 2019.

In summary, the employment rate of workers with adequate employment is 54.7%, those who are unemployed is 38.5% and the unemployed represent 6.8% of the economically active population in Lima. metropolitan.

Where are jobs not recovered?

According to the INEI report, it is in the microenterprise segment where more than 68,000 formal jobs cannot be recovered, but it is also in large companies where more than 81,000 jobs cannot be reintegrated into formality. compared to 2019.

In 2023, of the total number of unemployed people, 54.1% (205,600 people) are women and 45.9% (174,200 people) are men. The female unemployment rate was 7.9%, 2.1 percentage points higher than that of men (5.8%).

Monthly income grew

Not all of it was bad news in 2023, since the average monthly income grew by 10% compared to 2019, and stood at S/1,909.8, a difference of S/173.9.

However, gender gaps continue and women earn on average S/566 less than men. The salary for men was S/2,168 and for women at S/1,602.