BCR: Private sector promotes formal employment

formal employment In the country, it registered an advance of 4.6% at the end of November 2024 compared to the similar period of the previous year. In these 12 months, the number of workers who enjoy labor benefits according to law increased by 266 thousand, after closing at 4.49 million, according to the Sunat Electronic Return.

The purpose of the SBS is to increase the intensity of the use of digital channels between AFP and the public to promote pension savings, ensuring that an adequate level of quality of the services provided is preserved.

The Central Reserve Bank (BCR) stated that the private sector was the main driver of this advance in the formal workforce, with a growth rate of 6.3% year-on-year.

Thus, among the private sector activities that led this expansion, according to the BCR, agriculture, services and commerce stand out, which added 143 thousand, 60 thousand and 20 thousand jobs, respectively.

The agricultural sector, which includes the processing and conservation of fruits and vegetables, which are exported abroad, was the most dynamic in generating employment with a notable growth of 27.7%. 54% of new jobs came from this activity.

For their part, the services (+2.8%) and commerce (+2.9%) sectors showed moderate growth, reflecting the dynamism in activities linked to domestic consumption.

This positive result adds to a trend of improvement observed since the beginning of the year, according to the monetary authority.

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