The Central Bank of Peru published payroll-based indicators showing national formal employment grew 3.4% year on year in October, marking 19 consecutive months of expansion and translating into 212,000 additional formal jobs. In the private sector, formal jobs increased 4.2% from a year earlier to 4.665 million, a gain of 187,000 positions. Services, agriculture and commerce contributed the largest increases in headcount, adding 83,000, 41,000 and 31,000 jobs respectively, while mining recorded the fastest year-on-year growth rate at 9.3% and fisheries contracted by 4.0%.
Central Bank of Peru 2025-12-21
Central Bank of Peru reports formal employment rose 3.4% in October with 212,000 new jobs
The Central Bank of Peru reported a 3.4% year-on-year increase in national formal employment for October, marking 19 consecutive months of growth and adding 212,000 jobs. Private sector formal employment rose by 4.2% to 4.665 million, with significant contributions from services, agriculture, and commerce. Mining experienced the highest growth rate at 9.3%, while fisheries saw a 4.0% decline.