Employment in Lima showed slight signs of recovery

Adequate employment contributed more than 60% of jobs.

Employment in Metropolitan Lima It was a real headache for him Peruvian people. However, today it was learned that there have been improvements Regarding the working conditions of citizens according to the latest report provided by the Peruvian Institute of Economics (IPE).

The report stated: «In the second quarter of 2024, the employment in the capital it grew 4.7%, its highest rate since the third quarter of 2022.” This undoubtedly reflects Peru’s improvement in the quality of the work performed.

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In addition, the Peruvian Institute of Economics (IPE) He mentioned some extremely interesting data: “Of the 246,000 jobs created in this period, more than 60% were suitable jobs, which increased by 5%,” said the IPE. On the other hand, the issue of underemployment with income from 1,6%, That is, those workers with lower wages al valor of a minimum basket of consumptionmore or less around 1250 soles per month.

«Lower inflation rates put little pressure on households’ spending capacity»the IPE said. Despite this, it continued with the percentage that represent the underemployed limeños by income with the 32.1%. This is still well above the levels prepandemia where the event took place 22.8%.

Now, let’s continue in line with the recovery of the activities linked to the consumption. The growth of the employment in Lima is being well cared for by two sectors. Firstly, the sector of trade with the 8.9% y services with the 3.5% in which they were created 97,000 y 105,000 jobsrespectively.

However, this dynamic would have translated into a slowdown in revenues. “Thus, real wages, adjusted for inflation, grew only 1.2% in the second quarter of the year, the lowest pace since the third quarter of 2022,” stated the IPE.

Economy continues to grow:

The Peruvian economy experienced a Annual growth of 5.04% in May 2024. With this, an advance of 2.94% in the first five months of the year. In May, economic activity was favored by the significant increment of the industrial fishing Due to the reversion of climatic anomalies.

On the other hand, the recovery of the primary activity is well accompanied by the continuous dynamism of the Related sectors al spent of the consumption.

In that sense, the Annual growth of the Peruvian economy would have been of 2.46% in the fifth month of the year, according to the IPE. For its part, it continued with the growth of Non-primary GDPwhich brings together the sectors linked to the domestic demandwhich slowed slightly and grew to a annual rate of 2.5%before him less dynamism of the sectors linked to the investment such as construction with the 5.54% y non-primary manufacturing with the 1.12%.

Finally, the mentioned items showed signs of recovery recording an annual growth of 2.6% in Mayo. This marked the sixth consecutive month in positive territory after 12 months continuously stagnation.