Jobless, underemployment rates down in July
The share to the labor force of Filipinos without jobs as well as those looking for better employment both dropped in July, the Philippine Statistics Authority (PSA) said Friday.
In its July 2016 Labor Force Survey report, the PSA said the unemployment rate declined to 5.4 percent during the first month of the Duterte administration, compared with the 6.5-percent jobless rate recorded in July last year.
The underemployment rate also slid to 17.3 percent last July from 21 percent a year ago.
The PSA defines the underemployed as “employed persons who express the desire to have additional hours of work in their present job, or to have additional job, or to have a new job with longer working hours.”
The labor force population is comprised of both the employed and also the unemployed aged 15 and above. CDG
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