The American economy maintained a fairly strong pace of growth in the second quarter, the Government confirmed on Thursday, and appears to have gained momentum in the current quarter amid a working market resistant. The Gross Domestic Product (GDP) increased at an unrevised annualized rate of 2.1% last quarter, the Commerce Department reported Thursday in […]
Tag: unemployment
Russian unemployment rate hits new all-time low amid tense job market
He unemployment Russia reached a new all-time low in June and real wages rose 10.5% year-on-year, in a new test of the stickiness of the working marketaccording to data released Wednesday. The unemployment rate fell to 3.0% of the economically active population, compared to 3.1% of the previous month. Real wage growth was lower than […]
The number of formal jobs generated by Brazil fell by 27.7% until July
Brazil generated 1.16 million new jobs formal in the first seven months of 2023, a number 27.7% lower than that of the same period of 2022, the Ministry of Labor reported this Wednesday. Despite the reduction between January and July, the total number of formal jobs created by Brazil in the last twelve months until […]
Informality exceeds 70% in six cities
Of the 17 million 319,900 Peruvians who had a job between April 2022 and March of this year, 73.5% of people had an informal job; that is, without labor rights or social protection. While the remaining 26.5% declared having found a formal position, according to the latest INEI report on the behavior of the labor […]
Ecuadorians, without hope that presidential candidates stop unemployment and migration
The lack of employment in Ecuador is pushing increasing numbers of young professionals to emigrate, officials and families said, amid voter pessimism about improvements promised by the presidential candidates competing to win the end-of-month elections. Less than four out of 10 people that make up the economically active population had adequate employment in the second […]
Congress proposes creating Unemployment Insurance with employer contribution
Congresswoman Sigrid Bazán (Cambio Democrático-Juntos por el Perú) has proposed creating the Unemployment Insurance, in order to protect and promote decent work in the country, as well as the development of people in decent conditions. Its implementation would be progressive, initially considering the coverage of dependent workers in the private sector of medium and large […]
Trujillo: there is 10% unemployment in the youth population
The labor force in Trujillo has decreased and this is affecting young people between the ages of 14 and 24 more, where 10 out of 100 young people are unemployed, while 81% of these young people are in the informal sector. Francisco Huerta Benites dean of the College of Economists de La Libertad points out […]
INEI: precarious employment in Peru has a woman’s face
The National Institute of Statistics and Informatics (INEI) detailed that, during 2022, 8 million 561,900 Peruvians are subject to underemployment, either for working less than 35 hours a week or for receiving less than the average. By sex, underemployment covers 55.7% of women, especially in urban areas (70.3%). And by age range, one in five […]
Unemployment rate: more than 375,000 people are looking for work in Metropolitan Lima
In the quarter March, April, May 2023, the employed population of Metropolitan Lima reached 5 million 161,700 people, which means an increase of barely 1% (48,700 workers) compared to the same period in 2022. While compared to the pre-pandemicthe employed population increased by 6% (294,200), according to the technical report Labor Market Situation of the […]
INEI: underemployment grows and low-paid work increases by 50% as of April
For the last quarter —February, March and April— of 2023, according to the National Institute of Statistics and Informatics (INEI), in metropolitan Lima 5 million 187,900 employed people were reported, of which only a little more than half (2 million 989,000) have a job in adequate conditions, while the rest continue in precarious conditions. Also, […]