About 1.55 million young people work in the private sector without a contract, which is also known as having an informal job.
According to the study “Indicators of labor informality, unemployment and underemployment” that the Ministry of Labor prepared, in 2014 there was a turning point in the comparison between salaried people by age groups.
This means that before the aforementioned year, the informal economically active population of adults (30 or more years) of the private sector was of 1.63 million, and in 2017 in rose to 1.84 million people.
As for people who are between 14 and 29 years old, the number dropped. In 2013 it was of 1.68 million, and last year 1.55 million of informal workers.
“It should be noted that, according to the MTPE (Ministry of Labor and Employment Promotion), informal employment is defined as ‘private salaried employees (employees and workers) without a contract of employment (it includes service providers)”, said Gestión.
“We see these reductions because the dynamics of formal employment generation exceeded that of informal employment,” said Deputy Labor Minister Fernando Cuadros to the aforementioned media.
Regarding each age group, the rate of labor informality in young people fell by close to 9% in 10 years (69.6% in 2008 to 60.4% in 2017), while the rate in adults also fell but to a lesser extent (55.9% in 2008 to 50.5% in 2017).
Now that you're here:
We're asking you, our reader, to make a contribution in support of our digital guide in order to keep informing, updating and inspiring people to visit Peru. Why now? In our near 20-year journey as the leading English-language source on travel in Peru, we've had our fair share of ups and downs-but nothing quite like the challenges brought forth in the first quarter of 2020.
By adapting to the changing face of the tourism and travel industry (on both local and international levels), we have no doubt we will come out stronger-especially with the support of our community. Because you will travel again, and we will be ready to show you the best of Peru.
Your financial support means we can keep sharing the best of Peru through high-quality stories, videos and insights provided by our dedicated team of contributors and editors based in Peru. And of course, We are here to answer your questions and help whenever you need us.
As well, it makes possible our commitment to support local and small businesses that make your visit an unforgettable one. Your support will help the people working in these industries get back on their feet once the world allows us to make our dream of enjoying everything Peru has to offer a reality again-from its mouthwatering gastronomy, thriving Amazon and archaeological wonders such as Machu Picchu.
Together, we will find a way through this. As a member of our community, your contribution, however big or small, is valuable.