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 […]
Tag: unemployment
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, […]
20% of jobs could be lost in Peru due to the advancement of artificial intelligence
20% of jobs could be lost in Peru if artificial intelligence (AI) is implemented to its full potential, concluded a recent report by the bank Goldman Sachs. We are in a context in which the use of AI is accelerating the automation of certain tasks and driving labor cost savings, so its macroeconomic effects are […]
Chinese technology company Alibaba cut almost 20,000 jobs in 2022
The giant Chinese of electronic commerce Alibaba joined the global digital sector trend in 2022 and cut almost 20,000 jobs throughout 2022. In its income statement -sent last night to the Hong Kong Stock Exchange, where it is listed-, the group specified that its total number of employees dropped from 259,316 at the end of […]
The US created more than half a million jobs in January
Rise. Unemployment rate is the lowest recorded for 54 years in the United States. In addition, inflation receded. The United States created 517,000 jobs in January and the unemployment rate fell one tenth to 3.4%, according to data published by the Bureau of Labor Statistics. These figures are above expectations and exceed the average job […]
How to calculate my compensation if I was fired in the United States
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In the last weeks of January 2023, technology companies such as Alphabet -the parent company of Google-, Microsoft and Vox Media have announced the massive layoff of 22,000 workers. These measures add to the job cuts earlier in the month at Amazon, Goldman Sachs and Salesforce and threaten to spread to other sectors, so the […]