Peru - Unemployment Rate

Peru: Unemployment Rate

Mnemonic LBR.IPER
Unit 3months moving avg., NSA
Adjustments Not Seasonally Adjusted
Monthly 3.33 %
Data Aug 2019 5.8
Jul 2019 6

Series Information

Source National Institute of Statistics and Informatics (INEI)
Release Lima Unemployment Rate
Frequency Monthly
Start Date 11/30/2001
End Date 8/31/2019

Peru: Labor

Reference Last Previous Units Frequency
Unemployment Rate Aug 2019 5.8 6 3months moving avg., NSA Monthly
Labor Force Jul 2019 5,163 5,303 Ths., NSA Monthly
Labor Force Employment Jul 2019 4,924 4,970 Ths., NSA Monthly
Total Employment Jul 2019 4,924 4,970 Ths., NSA Monthly
Unemployment Jul 2019 239.67 332.85 Ths., NSA Monthly
Agriculture Employment 2017 5,088,095 4,974,987 # Annual
Wage & Salaries 2017 215,487 203,843 Mil. PEN, NSA Annual
Primary Industries Employment 2016 4,292 4,283 Ths. # Annual

Release Information

For Peru, the National Institute of Statistics and Information (INEI) reports the employment indicator as a measure of monthly changes in the number of persons employed at enterprises and/or establishments, compared with the previous month. The indicator measures jobs created directly or indirectly at enterprises with 10 or more workers in the urban area of the country.

The national survey of monthly employment changes (ENVME), which was started from October 1997, covers metropolitan Lima and 29 other principal cities in the country. Before October 1997, the survey was conducted only in metropolitan Lima.

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.

For a person to be considered unemployed, the following criteria must be met during the reference period:

  1. 14 years of age or older.
  2. Without a salaried or independent job.
  3. Currently available for work.
  4. Taking active measures to find employment. Measures include registration in placement offices, direct requests for employment to employers, and replying to job offers and interviews. 

The data source is the “Survey of Monthly Variation of Employment in Companies of 10 and more Employees” prepared by the Ministry of Labor and Employment Promotion in companies of urban areas of the main cities of the country (Metropolitan Lima and the rest of urban areas).  Prior to 1995, data was obtained through the Household Survey conducted by the National Directorate of Employment of the Ministry of Labor and Social Promotion.  

Employment data are shown as an index (base = October2010) and cover manufacturing, trade, services, transportation, and communications, as well as the extractive sectors (agriculture, fishing, and mining). The Central Reserve Bank of Peru (BCRP) publishes data from the Ministry of Labor and Employment Promotion (MOL) for companies in Metropolitan Lima with over 100 employees and in the national urban area for companies with over 10 employees (base = October 2010).

Data are final and not subject to revisions.