Philippines Unemployment Rate Down to 7%


In April of 2014, Philippines jobless rate decreased to 7 percent from 7.5 in the previous period and 7.6 percent a year ago. Figures from the province of Leyte which was hit by typhoon Haiyan are not included.

Among the unemployed persons in April of 2014, 61.7 percent were males. Of the total unemployed, the age group 15 to 24 years comprised 49.8 percent, while the age group 25 to 34, 30.5 percent. By educational attainment, one-fifth (22.4 percent) of the unemployed were college graduates, 14.5 percent were college undergraduates, and 32.7 percent were high school graduates.

Underemployed persons who work for less than 40 hours in a week for 61.0 percent of the total underemployed in April 2014. The proportion in the same month of 2013 was lower (53.7 percent). By comparison, the underemployed persons who worked for 40 hours or more in a week made up 36.4 percent. By sector, 41.3 percent of the underemployed worked in the agriculture sector, while 40.9 percent were in the services sector. Those in the industry sector accounted for 17.8 percent.

The employment rate in April of 2014 is estimated at 93.0 percent and the number of employed persons rose to 38.66 million, from 37.01 million recorded a year ago. The labor force participation rate is estimated at 65.2 percent.

Philippines Unemployment Rate Down to 7%


National Statistics Office | Joana Taborda | joana.taborda@tradingeconomics.com
6/10/2014 11:11:43 AM