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Formal job creation falls to lowest level in more than a year

In September, the number of formal jobs at the national level increased, mainly due to growth in private sector employment. | Font: Andean

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In September, the number workplaces formal increased by 5%, according to the Central Reserve Bank (CRB). However, fewer jobs are being created.

Although 270,000 were created in September stalls employment, the lowest growth rate in 17 months.

It is worth noting that over the past nine months, estimated by BCR, the rate of job creation has increased from 5.9% to 9.6%.

In the last month when he presented such a low level of growth in labor market This was in April 2021, that is, more than a year ago.

Just looking at the creation of formal jobs in private companies, which increased by 6%, the lowest growth rate in the last 17 months is also evident.

Most of these jobs in the industry formal The private sector was concentrated in services, trade and manufacturing.

Meanwhile, the sectors that saw a decline in formal jobs were construction and agriculture.

Employment
In September, 270,000 jobs were created. | Font: BCR

Source: RPP

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