Philippines Jobless Rate At 6.6% in January


Philippines unemployment rate was at 6.6 percent in January of 2015, up from 6 percent reported in October 2014 but down from 7.5 percent in the same month a year ago.

The employment rate is estimated at 93.4 percent in January, up from 92.5 percent a year earlier. There were 37.4 million employed people: 54.6 percent worked in the services sector, 29.5 in agriculture and 15.9 percent in industry sector.

The number of unemployed persons decreased to 2.6 billion in January from 2.9 billion a year ago. Among unemployed people, 66 percent were males. The age group 15 to 24 years old accounted for 47.3 percent of total unemployed, while the age group 25 to 34 accounted for 31.6 percent. By educational attainment, 20.4 percent were college graduates, 13.0 percent were college undergraduates, and 34.4 percent were high school graduates.

Among regions, the National Capital Region (9.3 percent), Calabarzon (8.6 percent), Ilocos Region (8.5 percent) and Central Luzon (8.5 percent) showed unemployment rates higher than the national figure (6.6 percent).

Philippines Jobless Rate At 6.6% in January


National Statistics Office l Rida Husna l rida@tradingeconomics.com
3/12/2015 10:20:45 AM