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Adequate employment is 21.7% below the pre-pandemic level

Between July and September of this year, the employed population in metropolitan Lima reached 4,655,300 people, registering a growth of 24.1% compared to the same period in 2020, according to the INEI report.

However, despite this growth, the level registered prior to the pandemic still does not have, because if the current result is compared with the same quarter of 2019, there is a drop of 5.5%, which reveals that there are still 272,1000 jobs that they are not recovered in the capital.

Uneven evolution

If the results are disaggregated in detail, it is observed that the behavior by level of employment was not at the same rate, since there is an acceleration of underemployment, while formal employment is slow.

According to the INEI, in the July-September quarter, adequate employment, which has all the benefits of the law, fell 21.7% compared to the same period in 2019, which implies that 690,700 formal jobs were lost in metropolitan Lima.

Regarding underemployment (labor informality), it is recorded that there was a growth of 23.9% compared to the quarter of analysis of 2019. This result shows that 418,600 people joined the underemployment, that is, without enjoying their labor benefits.

For the labor lawyer Ricardo Herrera, It is no coincidence that underemployment is growing, as people are managing to earn an income.

“The informal job is one that has no labor cost, the sun of income does not indicate a labor cost; in the case of formal employment, there are labor costs ”, adds Herrera.

Likewise, the expert pointed out that if formal employment does not recover quickly, it is because the economy is not growing at the rate needed to create more suitable jobs.

On the other hand, the unemployment rate stood at 10%, 4.2 percentage points higher than in 2019. In this way, the INEI estimates that 515,700 people were looking for work between July and September.

The average monthly income from work was reduced by 7.7% compared to what was reported before the pandemic. After between July and September 2019, income was S / 1,743, this last quarter it was S / 1,608.4.

The data

By activity. Between July and September, employment in construction (4.7%) and commerce (12.8%) already exceeded their pre-pandemic levels.

Impact. The female employment he was the hardest hit. It is 8.1% below its previous levels. While that of men is 3.4% less than 2019.


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