Philippines Unemployment Rate Up to 7.5%

In January of 2014, Philippines jobless rate rose to 7.5 percent, up from 6.5 percent in the previous period and 7.1 percent a year ago. Typhoon-hit region VIII was not covered in the survey.

There were nearly 3 million unemployed in the Philippines, up from 2.8 million in January 2013. Among the regions, the National Capital Region continued to have the highest unemployment rate at 11.2 percent, while it was 9.5 percent for January 2013.

Among the unemployed persons, 63.9 percent were males. Of the total unemployed, the age group 15 to 24 years comprised 48.2 percent, while the age group 25 to 34, 29.9 percent. By educational attainment, about one-fifth (19.8 percent) of the unemployed were college graduates, 13.3 percent were college undergraduates, and 34.0 percent were high school graduates.

The employment rate is estimated at 92.5 percent. Workers in the services sector continued to comprise the largest proportion of the population who are employed. These workers made up 54.1 percent of the total employed in January 2014. Employed in agriculture sector comprised the second largest group making up 30.0 percent, while workers in the industry sector made up the smallest group registering 15.9 percent. Among the major occupation groups, the laborers and unskilled workers remained the largest group making up 31.3 percent of the total employed.

Philippines Unemployment Rate Up to 7.5%

National Statistics Office | Isabel Felino |
3/11/2014 1:51:38 PM