Unemployment Rate in Peru decreased to 6.70 percent in May from 7.30 percent in April of 2019. Unemployment Rate in Peru averaged 7.83 percent from 2001 until 2019, reaching an all time high of 13 percent in January of 2005 and a record low of 5.60 percent in December of 2012.
Unemployment Rate in Peru is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Peru to stand at 7.50 in 12 months time. In the long-term, the Peru Unemployment Rate is projected to trend around 8.20 percent in 2020, according to our econometric models.