The Central Bank of Peru published electronic payroll indicators showing total formal employment nationwide increased 4.8% year on year in February, adding 270,000 jobs compared with February 2024. Private sector formal employment rose 6.5% year on year, increasing from 3.974 million to 4.231 million jobs, based on SUNAT data. Agriculture added the most positions (+103,000; +26.5%), followed by services (+79,000; +3.9%) and commerce (+24,000; +3.4%), with additional gains in manufacturing (+10,000; +2.1%), construction (+10,000; +4.9%) and mining (+6,000; +5.4%).
Central Bank of Peru 2025-04-16
Central Bank of Peru reports 4.8% year-on-year growth in formal employment in February
The Central Bank of Peru reported a 4.8% year-on-year increase in total formal employment in February, adding 270,000 jobs compared to February 2024. Private sector formal employment rose 6.5%, with significant job additions in agriculture, services, and commerce.