Unemployment in Peru

Peru Unemployment | Economic News & Forecasts

Peru - Unemployment

The gradual economic recovery appears to be continuing in H2: Economic activity expanded in August, albeit at a slower pace than in July, amid the staged reopening of commercial activities. More recently, business confidence turned positive for the first time in nine months in October after credit growth surged in September, while the finance minister announced on 5 November that mining and construction operations would not be halted in the event of a second national lockdown, boding well for activity in Q4. Moreover, the resumption of international flights and reopening of key tourist sites in November will be a welcome boost to a shattered tourism industry. Meanwhile, President Vizcarra was removed from office on 9 November after Congress unexpectedly voted to impeach him over as-yet-unproven corruption allegations. The move promotes the head of Congress, Manuel Merino, to interim president and plunges the country into political disarray ahead of elections scheduled for April 2021.

Peru - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate6.4  6.7  6.9  6.7  6.6  

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Peru Unemployment Chart

Peru Unemployment
Note: Unemployment in % of active population.
Source: Peru National Statistical Institute and FocusEconomics calculations.

Peru Facts

Value Change Date
Bond Yield0.0-0.60 %Nov 08
Exchange Rate3.31-0.06 %Jan 01

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