Philippines Unemployment Rate Falls to 6.7%

Philippines jobless rate kept its downward trend to 6.7 percent in July of 2014 from 7 percent in April, as more people were employed in the services and industry sectors. Figures for the province of Leyte which was hit by typhoon Haiyan are not included.

Among unemployed people, 63.3 percent were males. The age group 15 to 24 years old accounted for 49.3 percent of total unemployed, while the age group 25 to 34 accounted for 30.8 percent. By educational attainment, 23.2 percent were college graduates, 13.2 percent were college undergraduates, and 32.1 percent were high school graduates.

Among regions, the National Capital Region (10.3 percent), Central Luzon (8.3 percent), and Calabarzon (8.0 percent) showed unemployment rates higher than the national figure (6.7 percent).

Meanwhile, the employment rate is estimated at 93.3 percent in July of 2014, up from 92.7 percent a year earlier. There were 38.5 million employed people: 54 percent worked in the services sector 30.1 in agriculture and 15.9 percent in industry 15.9 percent.

Philippines Unemployment Rate Falls to 6.7%

National Statistics Office | Joana Taborda |
9/10/2014 1:41:46 PM