The Central Reserve Bank of Peru published labour market indicators showing national formal employment rose 4.7% year on year in June 2025, adding 272,000 jobs versus June 2024 and extending the expansion to fifteen consecutive months. Private-sector formal employment increased 6.3% year on year to 4.331 million jobs, with services (+88,000), agriculture (+67,000) and commerce (+34,000) contributing the largest gains. The real formal wage bill grew 6.2% year on year, while the private-sector wage bill rose 8.7% in real terms, driven mainly by services and commerce and underpinned by the sustained increase in formal jobs based on electronic payroll data from SUNAT.
Central Bank of Peru 2025-08-18
Central Reserve Bank of Peru reports 4.7% rise in formal employment in June 2025
The Central Reserve Bank of Peru reported a 4.7% year-on-year increase in national formal employment for June 2025, adding 272,000 jobs compared to June 2024. Private-sector formal employment rose 6.3% to 4.331 million jobs, with significant contributions from services, agriculture, and commerce. The real formal wage bill increased by 6.2%, while the private-sector wage bill grew 8.7%, driven by gains in services and commerce.