The Central Reserve Bank of Peru published labour market indicators showing national formal employment rose 4.7% year on year in June 2025, adding 272,000 jobs versus June 2024 and extending the expansion to fifteen consecutive months. Private-sector formal employment increased 6.3% year on year to 4.331 million jobs, with services (+88,000), agriculture (+67,000) and commerce (+34,000) contributing the largest gains. The real formal wage bill grew 6.2% year on year, while the private-sector wage bill rose 8.7% in real terms, driven mainly by services and commerce and underpinned by the sustained increase in formal jobs based on electronic payroll data from SUNAT.
Central Reserve Bank of Peru reports 4.7% rise in formal employment in June 2025
The Central Reserve Bank of Peru reported a 4.7% year-on-year increase in national formal employment for June 2025, adding 272,000 jobs compared to June 2024. Private-sector formal employment rose 6.3% to 4.331 million jobs, with significant contributions from services, agriculture, and commerce. The real formal wage bill increased by 6.2%, while the private-sector wage bill grew 8.7%, driven by gains in services and commerce.