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June 26, 2022
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Formal employment grew 9.4% in April and accumulates 13 months of recovery, reported the BCR

Credit to the private sector increased to 7.3% year-on-year in March, according to the BCR

Total formal employment nationwide, measured as the number of jobs reported by Sunat, grew 9.4% in April compared to the same month last year, accumulating 13 consecutive months of recovery, reported today the (BCR).

This, as the health measures to contain the pandemic have been relaxed, the monetary authority said.

As for private formal jobs, these continue with the growth registered for more than a year, increasing 11.9% in last April.

The increase in jobs in the formal private sector occurred mainly in the services and agricultural sectors with growth rates of 12.4% and 31.2% respectively, said the BCR.

He also highlighted that half of the increase in formal jobs in April was registered in the service sector (216,000).

Formal employment grew 9.4% in April and accumulates 13 months of recovery, reported the BCR

The total wage bill increased 11.9% in April compared to the same month in 2021, mainly associated with the recovery of jobs.

The wage bill of the private sector increased 13.8% in April, mainly due to the increase in the wage bill in the commerce, services and agricultural sectors, he explained.

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