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Submitted by Anonymous on

[From Elizabeth Ruppert Bulmer] Very good questions, thank you. Peru's growth was more intensive in productivity gains than in employment growth, compared to other countries. The sectors that expanded real output the most between 2002 and 2012 were construction, transport and communications, commerce, and hotels and restaurants. Real mining output (i.e., holding prices constant) grew more modestly over the period. Although the commodity boom significantly boosted mining employment, it did not contribute to productivity gains (real mining sector productivity actually contracted). As commodity prices return to lower and less volatile levels, we would expect diminished demand for labor in certain sectors, which could have a broader dampening effect on labor demand through reduced aggregate earnings.