Peru - Unemployment Rate
Peru: Unemployment Rate
| Mnemonic | LBR.IPER | |
|---|---|---|
| Unit | 3months moving avg., NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Monthly | 10.34 % | |
| Data | Oct 2019 | 6.4 |
| Sep 2019 | 5.8 | |
Series Information
| Source | National Institute of Statistics and Informatics (INEI) |
| Release | Lima Unemployment Rate |
| Frequency | Monthly |
| Start Date | 11/30/2001 |
| End Date | 10/31/2019 |
Peru: Labor
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Labor Force | Oct 2019 | 5,292 | 5,276 | Ths., NSA | Monthly |
| Labor Force Employment | Oct 2019 | 4,939 | 4,957 | Ths., NSA | Monthly |
| Total Employment | Oct 2019 | 4,939 | 4,957 | Ths., NSA | Monthly |
| Unemployment | Oct 2019 | 352.19 | 319.91 | Ths., NSA | Monthly |
| Unemployment Rate | Oct 2019 | 6.4 | 5.8 | 3months moving avg., NSA | Monthly |
| Wage & Salaries | 2018 | 227,640 | 214,905 | Mil. PEN, NSA | Annual |
| Agriculture Employment | 2017 | 5,088,095 | 4,974,987 | # | Annual |
| Primary Industries Employment | 2017 | 4,266 | 4,292 | 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:
- 14 years of age or older.
- Without a salaried or independent job.
- Currently available for work.
- 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.
Methodology from the source, Spanish only:
