According to the last survey on employment expectations performed by Manpower, there is 11% employment expectation in Peru for the fourth quarter 2012, with the mining industry leading expectations.

Although the general number represents the lowest employability level since 2010, Marco Nicoli, general manager of Manpower Peru, states the country is still attractive for investors.

“Despite a -5% fall when compared to the previous trimester and – 6% decrease when compared to the same period during previous year, Peru is still a main focus for foreign investment. There is no reason to worry, 11% is an important number for the labour market.”, pointed out Nicoli.

Among the factors that lead to this slight fall, were mentioned the global context and political noise due to the upcoming municipal and regional elections.

“Measures adopted by the executive power -‘economy reactivation package’- did not managed to really influence the decision of businessmen regarding the labour market. I believe they have been very cautious and are expecting to see how the economy will perform by the end of the year,” said Nicoli.

As regards business sectors, mining is the segment with largest employability expectations with 23% during the past three months. It is necessary to point out that when compared to the previous trimester this indicator decreased 15%, representing, according to Manpower, the least optimistic period.

This sector is followed by banking and finances with 19%, agriculture and fishing with 16% -extremely stable over the past two years according to the research-. The sector with the lowest employment expectation is construction with 7%.

Concerning regions, Lima businessmen express greater optimism as regards their hiring rhythm with 14%, followed by Piura with 13% and La Libertad with 12%.

In Latin America, Colombia has stand out in employment expectations during the past trimester with 20%.

“Unlike countries such as Colombia and Mexico which have a larger growth, Peru depends more on mining commodities. We really base our economy on raw materials such as minerals, while they have a more diversified economy”, stated Nicoli.

It is important to mention that the survey was applied on a sample of 720 employers on a national level and is the 37 report performed over the past 9 years.

Author: Eva Cruz

Source: Rumbo Minero