Unemployment up, according to ILO

18 December 2016

Statistics produced last week by the International Labour Office suggest that unemployment in Peru has increased in 2015 to 4.4% of the labour force, reflecting the slowdown in the rate of growth.
http://www.ilo.org/wcmsp5/groups/public/---americas/---ro-lima/documents/publication/wcms_537803.pdf
However, the rate is far higher for young workers; for those aged between 15 and 24, it is 11%. The unemployment rate is likely to have risen further in 2016. Open unemployment figures, however, say little about the real labour situation in Peru since most workers simply cannot afford to be ‘unemployed’. The rate for ‘under-employment’ (in other words those labouring in the informal sector of the economy), is around 70%, one of the highest rates anywhere in Latin America.

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    The Peru Support Group exists to promote social inclusion, sustainable development and the observance of human rights in Peru. To that end the PSG highlights shortcomings in observance of established norms, whether international or local in nature, in its research, advocacy and publications. In so doing, it underscores the relationships that exist within the political system, how institutions work, and the effectiveness of policies that aim to reduce poverty and inequality within the context of sustainable development.

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