Unemployment in Lima reaches highest rate in seven years

Unemployment in Lima has risen to 8.1 percent. (Courtesy Shutterstock)

 

Finding available jobs in Peru’s capital continues to be a tricky matter, as 8.1 percent of people in Lima are currently without employment per the latest figures from the country’s National Statistics Institute (INEI).

This is the highest rate of unemployment registered in the city since March of 2012 as there are 420,900 people in the metropolitan area without jobs, according to the INEI’s report.

Even though tens of thousands of women gained employment in Lima, their unemployment rates are still significantly higher than men in the capital area as 52 percent of unemployed people actively looking for jobs in Lima are women.

However, things aren’t all bad throughout Peru as the entire nation’s employment rate actually rose by 2.6 percent from December of 2017 to February 2018, according to the INEI’s latest numbers. A lot of these new jobs came from the coast, as more than 300,000 jobs were created along Peru’s long coastline.

Construction jobs throughout Peru grew by a sizeable 3 percent and the average monthly income for manufacturing jobs saw a 4.5 percent increase.

The rate of unemployment throughout all of Peru is a manageable 5 percent, INEI numbers show.

Despite the unfortunate growth in unemployment in Lima, other South American capitals like Buenos Aires, Bogotá, and Santiago are actually worse off in terms of jobless residents.

Michael Krumholtz:

View Comments (1)

  • deberian de haber leyes super estrictas para cualquier extranjero que solicite visa, tienen que pagar lo que se requiere y si no les gusta que se regresen a su país .
    Hace poco escuche un comentario de un Venezolano que dijo que los peruanos son feos que son indios horribles y yo le contesto así somos y que el que no cumpla con las leyes peruanos que se vaya a otro país, el que no le guste los peruanos tienen las puertas abiertas.Respeto guarda respeto
    que viva el Peru para los Peruanos que lo aman para toda nuestra gente que lucha por salir adelante.