THE Philippines’ unemployment rate dropped slightly to 6.9 percent for April, the National Statistics Office’s latest Labor Force Survey revealed on Friday.
The latest figure is lower than the 7.2 percent recorded during the same period in 2011.
The poll showed that Metro Manila registered the highest unemployment rate at 10.4 percent.
Among the jobless, 62.3 percent are male and 37.7 are female. More than half—51.7 percent—are between 15 to 27 years old.
Among educational groups, 32.8 percent—or almost a third—of the unemployed are high school graduates, 13.8 are college undergraduates and 21 percent are college graduates.
The survey also revealed that the country’s employment rate was at 93.1 percent, compared to the 92.8 percent recorded in April 2011.
It also showed that an estimated 37.8 million people have jobs in April.
More than half, or 51.4 percent, of those employed work in the services sector, while 33 percent work in the agricultural sector and 15.6 percent in the industry sector.
Of the estimated 62.8 million people aged 15 and older in April 2012, 40.6 million are in the labor force, up slightly from the estimated 39.7 million recorded in April 2011.
The labor force participation rate [LFPR] in April 2012 was 64.7 percent, up from the 64.2 percent registered in April 2011.
The country’s labor force is comprised of employed and unemployed people, 15 years old and older, who contribute to the production of goods and services in the country.
The underemployment rate was at 19.3 percent, or 7.3 million underemployed persons, which is lower than the 19.4 percent recorded a year ago.
Underemployed people are those who either want an additional job or more hours in their current job, or have a new job with longer working hours.
According to the survey, about 55.1 percent of those employed in April 2012 work full-time, while 42.8 percent work part-time.
Full-time workers are those who work 40 hours a week or more, while part-time workers work for less than that.
More than half, or 51.4 percent, of those employed work in the services sector, while 33 percent work in the agricultural sector and 15.6 percent in the industry sector.
Of the estimated 62.8 million people aged 15 and older in April 2012, 40.6 million are in the labor force, up slightly from the estimated 39.7 million recorded in April 2011.
The labor force participation rate [LFPR] in April 2012 was 64.7 percent, up from the 64.2 percent registered in April 2011.
The country’s labor force is comprised of employed and unemployed people, 15 years old and older, who contribute to the production of goods and services in the country.
The underemployment rate was at 19.3 percent, or 7.3 million underemployed persons, which
is lower than the 19.4 percent recorded a year ago.
Underemployed people are those who either want an additional job or more hours in their current job, or have a new job with longer working hours.
According to the survey, about 55.1 percent of those employed in April 2012 work full-time, while 42.8 percent work part-time.
Full-time workers are those who work 40 hours a week or more, while part-time workers work for less than that.
source: Manila Times
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