LatinNews Daily - 25 August 2022

In brief: Formal employment rises in Peru

* Peru’s labour ministry (MTPE) has announced that formal employment in the country rose by 6.6% in June 2022, compared with the same month in 2021. The percentage breakdown revealed a 7.9% increase in the private sector and an increase of 4.1% in the public sector. The overall figure equates to an increase of 326,000 jobs compared to June 2021, putting Peru’s total formal workforce at 5.29m according to a labour ministry statement. The statement outlined that there has been improvement in all economic sectors, with particularly high increases in the service (11.8%) and commercial (5.9%) sectors. Mining and manufacturing also saw increases of 3.7% and 3.5% respectively.

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