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PERU - Peru Reduced its Unemployment

* PERU

Peru Reduced its Unemployment
Only Peru and Uruguay reduced their unemployment during 2009, according to a recent ILO report

A report by the International Labor Organization (ILO) indicates that of 14 countries surveyed in Latin America and the Caribbean, Peru and Uruguay were the only ones able to reduce their unemployment during 2009. In Peru, it was reported that urban unemployment fell from 8.6% in 2008 to 8.5% in the third quarter of 2009. Moreover, the largest rate increases were observed in Barbados, Costa Rica, Chile, Ecuador and Mexico. The study indicates that the economic crisis has eliminated 2.2 million jobs in the region over the past year, raising the unemployment rate from 7.5% to 8.4%.
Jan-12-2010 07:01pm