Distribution of employment recovery in Latin America 2020-2022, by type of employment

Except for Peru, in all selected Latin American countries, informal employment was responsible for most of the employment recovery between the third quarter of 2020 and the third quarter of 2022. This was particularly noticeable in Paraguay and Argentina, informal employment contributed with 83 and 78 percent, respectively. According to the source, the fact that job recovery has been driven by growth in informal occupation in Latin America is due to the sharp fall in informal employment experienced during the most critical phase of the COVID-19 pandemic.