Formal employment at the national level increased 0.9% in August 2021 compared to the same month in 2019, registering for the first time a positive rate of expansion since the beginning of the pandemic, reported the Central Reserve Bank of Peru (BCRP) .
In this regard, the labor Ricardo Herrera He pointed out that although formal employment shows a slight recovery, it is underemployment that continues to increase by more than 10 percentage points compared to prendemic times. “In other words, some jobs have been recovered, but at the cost of not working all the hours they wanted to work (part time) or are on temporary contracts,” he said.
The BCRP It also reported that, in the accumulated period of January-August, employment still registers a decrease of 0.7% compared to 2019. And comparing it with 2020, this variable increased 6.8% in August and 2.7% in the first eight months.
In the private sector
Specifically, private formal jobs decreased 0.9% in August compared to the same period in 2019, thus registering their smallest drop since March 2020.
This reduction occurred mainly in the services (-7%) and manufacturing (-3.3%) sectors. In contrast, the agricultural (+ 19.9%), mining (+ 7.8%) and construction (+ 4.3%) sectors registered positive rates.
In detail, in the January-August period private formal employment fell by 3.8% compared to the same period in 2019. While compared to 2020 it increased 8.8% in August and 2.1% between January and August.
Herrera explained that of the 5 million formal jobs in the country, about 3.5 million belong to the private sector and 1.5 million to the public sector.
For the specialist, there is a pending task on the part of the Executive and Legislative to enact laws that help to recover employment, this complemented with the boost to private investment and economic reactivation. “We have to grow at least 4% of GDP per year so that from that level, jobs can begin to be generated. For each additional 1% of GDP, 0.5% more jobs are created ”, he explained.
The data
Temporary employment. The Executive transferred about S / 74 million for the generation of more than 6,000 temporary jobs through the Trabaja Perú program.
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