Updated
Updated · andina.pe · Jul 20
Peru Formal Employment Rises 4.2% in May, Creating 251,000 Jobs
Updated
Updated · andina.pe · Jul 20

Peru Formal Employment Rises 4.2% in May, Creating 251,000 Jobs

2 articles · Updated · andina.pe · Jul 20

Summary

  • 251,000 jobs were added in Peru in May, lifting formal employment 4.2% from a year earlier, according to the central bank.
  • The increase points to continued hiring in the formal economy, with the BCR presenting the gain as the key labor-market development for the month.
  • The jobs data adds to recent signs of macroeconomic stability in Peru, where net international reserves stood at $99.489 billion on July 14 and country risk was reported at 105, below the regional average.

Insights

After a decade of political turmoil, can Peru's strong central bank continue to anchor its booming economy?
Can Peru's economic boom withstand the predicted $3.1 trillion global impact of a super El Niño?