One of four formal jobs that were registered in 2019 were not recovered in 2021. According to National Institute of Statistics and Informatics (INEN), at the end of the outgoing year, a gap of at least 816,500 suitable jobs was registered in Metropolitan Lima, 17.6% more than in 2020, but 25.7% less than in the pre-pandemic year.
According to the institute’s latest Labor Market Technical Report, between January and December 2021, 2,355,200 people were registered as adequately employed in Metropolitan Lima, compared to 2,3,400 in 2020 and 3,171,700 in 2019.
On the other hand, the unemployed population in 2021 reached 548,800 people, only 3.1% less than in 2020, when 566,600 were reported. Only 17,800 new jobs were won, between formal and informal.
Finally, the underemployed population in 2021 stood at 2,209,500 people, 24.4% more than the 1,776,300 registered in 2020, and 26.8% more than the 1,742,400 in 2019. That is, 467,100 more underemployed people than in the pre-pandemic period, and 433,200 than last year.
The hourly underemployed (visible underemployment) decreased by 5.1% (-35 thousand 700); while the underemployed by income (invisible underemployment) increased by 43.5% (469 thousand).
In 2021, 10.3% of those employed with adequate employment are between 14 and 24 years old, 57.5% are between 25 and 44 years old and 32.2% are 45 years old and over.
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