HomeNews & Updates

PH unemployment rate decreases

Like Tweet Pin it Share Share Email

The recent unemployment rate survey conducted by the Philippine Statistics Authority (PSA) showed improvement from 5.7 percent in April 2017 to 5.5 percent in April 2018.

The employment rate likewise improved with estimated 94.5 percent in April 2018 as compared to 94.3 percent in April 2017.

In the PSA report, workers were grouped into three broad sectors, namely, agriculture, industry and services sector. Workers in the services sector comprised the largest proportion of the population who are employed. These workers made up 56.4 percent of the total employed in April 2018.

Those engaged in the wholesale and retail trade; repair of motor vehicles and motorcycles accounted for the largest percentage (34.3%) of workers in the services sector.

In April 2017, workers in the services sector accounted for 55.4 percent of the total employed, with those engaged in the wholesale and retail trade; repair of motor vehicles and motorcycles making up the largest proportion (35.3%) of workers.

Workers in the agriculture sector comprised the second largest group making up 23.9 percent of the total employed in April 2018, while workers in the industry sector made up the smallest group registering 19.7 percent of the total employed.

In April 2017, workers in agriculture accounted for 26.1 percent of the total employed; while workers in the industry sector, 18.5 percent. The April 2018 LFS results also showed that in the industry sector, workers in the construction and manufacturing subsectors made up the largest groups, accounting for 49.9 percent and 45.3 percent of the workers in these subsectors, respectively (Tables 1 and 2).

Among the occupation groups, workers in elementary occupations remained the largest group making up 26.6 percent of the total employed in April 2018.

In April 2017, such workers made up 26.8 percent of the total employed in that period. Managers comprised the second largest occupation group (16.0%), followed by service and sales workers (14.8%), and skilled agricultural, forestry, and fishery workers (12.5%) in April 2018.

Among the regions, Ilocos Region (7.3%), CALABARZON (6.6%), and NCR (6.4%) were the regions with the highest unemployment rates.

Among the unemployed persons in April 2018, 62.7 percent were males. Of the total unemployed, the age group 15 to 24 years comprised 45.8 percent, while the age group 25 to 34, 30.2 percent.

By educational attainment, 19.6 percent of the unemployed were college graduates, 16.2 percent were college undergraduates, and 28.9 percent have completed junior high school. Graduates of junior high school includes those high school graduates in the old curriculum.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *