Saturday, February 24, 2018
  • share this

Unemployment rate inches up to 5.6% in July

By: - Reporter / @bendeveraINQ
/ 12:04 PM September 12, 2017

The jobless rate inched up to 5.6 percent in July from 5.4 percent a year ago as more Filipinos joined the labor force, the government reported Tuesday.

In a report, the Philippine Statistics Authority (PSA) said its latest preliminary estimates showed that 94.4 percent of the labor force population were employed in July, slightly down from 94.6 percent last year.

In July, the labor force population, which consisted of those with jobs as well as the jobless who were aged 15 and up, stood at 70.164 million, up from a year ago’s 68.429 million.


The underemployment rate, meanwhile, declined to 16.3 percent in July from last year’s 17.3 percent.

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.” /je

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Employment, job, Jobless, Labor, Statistics, unemployment
For feedback, complaints, or inquiries, contact us.

Manila CCTV catches cop shooting street attacker

February 24, 2018 03:36 PM


Army acquires 22 grenades held in Bulacan for 13 years

February 24, 2018 03:21 PM


Central Luzon cops on full alert for Edsa32

February 24, 2018 03:13 PM


Lakers rout Mavericks in Lonzo Ball’s return

February 24, 2018 03:07 PM

© Copyright 1997-2018 | All Rights Reserved