Philippines Jobless Rate Falls in July


Philippines unemployment rate was at 6.5 percent in July of 2015, down from 6.7 percent a year earlier but up from 6.4 percent reported in April 2015. The figure excludes Lette Region.

There were 2,724 thousand unemployed persons. Among the unemployed persons, 62.1 percent were males. The age group 15 to 24 years comprised 50.4 percent, while the age group 25 to 34, 29.5 percent. By educational attainment, 22.2 percent of the unemployed were college graduates, 13.5 percent were college undergraduates, and 33.2 percent were high school graduates.

Meanwhile, the number of underemployed was 8,219 in July. More than 50 percent worked for less than 40 hours a week and 38.3 percent worked in the agriculture sector, while 44.2 percent were in the services sector. Those in the industry sector accounted for 17.6 percent. 

In July of 2015, there were 39,174 thousand employed persons. 55.5 percent worked in the services sector, 28.0 percent in agriculture and the remaining 16.5 percent in industry. 

The labour force participation rate fell to 63.0 percent from 64.4 percent a year ago.

Philippines Jobless Rate Falls in July


PSA l Rida Husna | rida@tradingeconomics.com
9/9/2015 8:10:17 AM