LatinNews Daily - 18 August 2020

* Peru’s national statistics institute (Inei) has reported that the country’s unemployment rate rose to 8.8% in the second quarter of 2020, up from 3.9% in the same period in 2019. The number of people employed in Q2 declined by 6.72m year-on-year, a 39.6% drop. According to Inei, job losses were concentrated in urban areas, where 6.47m fewer people were employed this year, compared to just 245,000 fewer in rural areas. This is largely because of the success of the agriculture sector, the only sector in which employment increased - Inei reported that 44.6% of people currently employed in Peru work in agriculture. The data also showed that women had been disproportionately affected by this surge in unemployment, as the country’s employed female population fell by 45.3%, compared to a 34.9% drop for men.

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