LatinNews Daily - 25 October 2022

In brief: Formal employment rises in Peru

* The director of economic studies at Peru’s central bank (BCRP), Adrián Armas, has said that the country’s formal employment rate is showing sustained growth, and is growing “at a monthly rate of around 6%”. In the private sector, he said that formal employment is increasing at a monthly rate of 7.4%, driven by the recovery of the services sector from the impact of the coronavirus (Covid-19) pandemic. Armas added that the full resumption of in-person teaching in Peruvian schools, which only took place in March this year after two years of mostly remote learning, had triggered an increase in female employment.

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