The Central Bank of Peru released data from SUNAT’s electronic payroll showing that total formal employment nationwide increased 3.9% year on year in May, extending the expansion to 14 consecutive months. The increase corresponds to 228,000 additional formal jobs between May 2024 and May 2025. Private-sector formal employment rose 5.1% over the same period, to 4.349 million jobs (up 212,000). Services recorded the largest increase (78,000 jobs), followed by agriculture (54,000) and commerce (22,000).
Central Bank of Peru reports national formal employment rose 3.9% year on year in May
The Central Bank of Peru reported a 3.9% year-on-year increase in total formal employment in May, marking 14 consecutive months of growth. Private-sector formal employment rose 5.1%, with significant gains in services, agriculture, and commerce.