Peruvian labor force, the most recent official data from the Peruvian Labor Institute, increased by 4 percent in July.
That was the biggest increase since July 2011, when the labor force increased by 2.7 percent.
The previous monthly labor force increase was 2.1 percent in February, and it was the first increase in Peru since April 2014.
The labor force’s growth was driven by more people working full time and part time, and higher joblessness, as well as more people retiring, according to the Labor Institute.
Peru has one of the lowest birthrates in Latin America, but the government is trying to boost it with a program that pays workers in exchange for helping the government build a new hospital and other public infrastructure projects.
The government also is planning to pay workers a wage increase that will help them afford food, utilities, and other necessities.
The new government has pledged to boost the national minimum wage to 12.5 cents per dollar of earnings, up from the current rate of 8.25 cents per cent.
Mexico’s labor market is more stable than it has been in decades, but there is growing concern that Mexico’s aging population and the rise in birthrates there could have a knock on effect on the Mexican economy, which is already struggling with low birthrates and high unemployment.
According to a recent report by the Organization for Economic Cooperation and Development (OECD), the labor participation rate (the percentage of the population working or looking for work) fell to a record low of 65.6 percent in 2018.
That means more than half of Mexicans (54.4 percent) do not have a job, according a report by a Mexican think tank.
Mexico’s unemployment rate is now the highest in the world, at 10.7%.
“Mexico’s economy will continue to face the challenges of population aging and an aging workforce,” said Erika Soto, the OECD’s deputy director for Latin America.
Read more at Forbes: Mexico’s unemployment, poverty and corruption rise for second year in a row – Forbes