Formal employment in Peru grew by 3.9% in January 2026

In January 2026, formal employment in Peru saw a significant increase of 3.9% compared to the same month last year, marking 22 consecutive months of growth. This rise reflects a positive trend in the Peruvian labor market as businesses continue to recover from the economic impacts of the pandemic and adapt to a changing work environment.

According to data from the Ministry of Labor and Promotion of Employment, the growth has been driven by sectors such as commerce, construction, and services, which have shown robust recovery. The improvement in the national economy and the implementation of government policies aimed at promoting employment formalization have been key factors in this upward trend.

The labor market context in Latin America presents both challenges and opportunities. Many countries in the region have grappled with high rates of informality, which limits benefits for workers and hinders sustained economic growth. However, Peru's case stands out as an example that, with the right policies, it is possible to foster the creation of formal employment.

Analysts suggest that this growth in formal employment not only benefits workers by providing better working conditions but also strengthens the national economy by increasing tax revenue and enhancing business competitiveness. As more workers join the formal sector, it is expected that the Peruvian economy will continue its growth trajectory in the coming months.

The future of employment in Peru will largely depend on economic stability and the political decisions made to further boost the formalization of work. With growing global uncertainty, it is crucial for the country to maintain its focus on policies that promote the creation of sustainable and quality jobs.