Peru - Unemployment
Peru: Unemployment
| Mnemonic | LBU.IPER | |
|---|---|---|
| Unit | Ths., NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Monthly | 11.2 % | |
| Data | Apr 2020 | 360.7 |
| Mar 2020 | 406.2 | |
Series Information
| Source | Central Reserve Bank of Peru (BCRP) |
| Release | Labor Force Survey |
| Frequency | Monthly |
| Start Date | 3/31/2001 |
| End Date | 4/30/2020 |
Peru: Labor
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Labor Force | Feb 2023 | 5,506 | 5,537 | Ths. # 3-mo MA, NSA | Monthly |
| Labor Force Employment | Feb 2023 | 5,102 | 5,093 | Ths. # 3-mo MA, NSA | Monthly |
| Total Employment | Feb 2023 | 5,102 | 5,093 | Ths. # 3-mo MA, NSA | Monthly |
| Unemployment Rate | Feb 2023 | 7.3 | 8 | 3months moving avg., NSA | Monthly |
| Primary Industries Employment | 2021 | 4,989 | 4,916 | Ths. # | Annual |
| Wage & Salaries | 2020 | 218,619 | 240,913 | Mil. PEN, NSA | Annual |
| Unemployment | Apr 2020 | 360.7 | 406.2 | Ths., NSA | Monthly |
| Agriculture Employment | 2017 | 5,088,095 | 4,974,987 | # | Annual |
Release Information
The Central Reserve Bank of Peru (BCRP) reports monthly employment data for Lima, the national capital: Count of employed and unemployed persons, average monthly income, and rates.
Active:
- Measurements:
- Thousands of persons (Ths. #)
- Peruvian nuevo sol (PEN)
- Percentage (%)
- Cumulation: 3-month moving average (3-mo MA)
- Adjustment:
- Seasonally adjusted (SA)
- Not seasonally adjusted (NSA)
- Native frequency: Monthly
- Start date: As early as 2001m03
- Geographic coverage: Lima, Peru (IPER_LIM)
Predecessor:
- Non-cumulated - 2001 to 2020
BCRP obtains the data from the Permanent Survey of Employment (EPE) conducted by the National Institute of Statistics and Information (INEI). Data is now presented as a 3-month moving average. Data used to be presented as a monthly average.
The survey samples the same 1,600 households in the metropolitan area of Lima and Callao each month. The EPE reports information on employment based on economic activity, occupational category, company size, and demographic information. Unemployment information is reported by age, gender, and level of education. Manufacturing, trade, and service sectors are included in the employment data.
Estimates are made according to international standards of the International Labor Organization (ILO). An employed person is 14 years or older who worked at least 15 hours of paid in the week prior to the survey. Employed persons also include self-employed workers, those on temporary leave from work (vacation, illness, injury, strike), and members of the armed forces or clergy. An unemployed person is 14 years or older who did not work in the week prior to the survey, but were seeking work for pay.
Source definitions:
- Adequately employed: those who work 35 or more hours per week and who earn an income equal to or greater than the Minimum Referential Income estimated by the INEI (S / 1 008.39 as of April 2020). It also includes those who voluntarily work less than 35 hours.
- Underemployed: Workers who do not have a suitable job, either in terms of income or for a shorter workday than that required by the worker.
