THE COUNTRY’S unemployment rate slid to 7.2% in April from 8.0% a year earlier and 7.4% in the previous quarter, data from the National Statistics Office showed.
A total of 2.9 million jobless Filipinos were recorded out of the 39.7 million-strong labor force in April.
However, the underemployment rate, or the proportion of members of the labor force who wanted additional work, rose to 19.4% from 17.8% last year.
Employment stood at 92.8% or a total of 36.8 million workers. More than half of these (51.7%) were in the services sector. Agriculture was the second largest sector, accounting for 33.0% of the workers, followed by the industry sector (15.3%). — Cyril L. Bonabente, Businessworld