Formal employment fell by 0.3% in July, according to MTPE Trade Economy | Peru

the formal employment In the private sector, in July companies with 10 or more employees in July fell 0.3% compared to the same month of the previous year, reported on Tuesday Ministry of Labor and Employment Promotion (MTPE).

The result was mainly due to the decrease in the number of jobs in the processing sector, which amounted to 2.6% in July, according to Fernando Cuadros, Deputy Minister for Employment Promotion and Labor Training.

In the extraction products (1.5%), transport, storage and communication (1.4%) and trade (0.3%)he added.

"The intermediary goods and capital industry has recovered from the economic slowdown in recent months, but the consumer goods sector, which provides more formal employment, has not yet reached it," said Cuadros.


The Deputy Minister indicated that the Formal generation of jobs in Metropolitan Lima reported a negative variation of 0.3% in the seventh month of the year, according to the results of the national survey of the monthly employment variation (Envme) of July 2018.

Employment extraction sectors it had a 2.1% decline in July; while in the manufacturing industry decreased by 2.7%.

In the transport, storage and communication sectors, employment recorded a positive variation of 2% in July, 0.4% in trade and 0.2% in services, said Cuadros.

As for counties, the official of the MTPE He said that the series of large cities in the country's interior in July registered an annual variation of negative employment of 0.4%.

The transport, storage and communication sectors showed a 0.1% decline in employment last July; the shrinkage in services and production was 0.9% and 2.4% respectively.

In contrast, employment in the trade and mining sector rose by 0.2% and 2.9% respectively in July.

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