PH jobless rate down to 5.3% but underemployment up in January

Published by rudy Date posted on March 7, 2018

by Ben O. de Vera, Inquirer, Mar 7, 2018

Jobless rate declined to 5.3 percent although the number of underemployed increased in January amid the growing labor force population in the country, the Philippine Statistics Authority (PSA) reported on Wednesday.

According to PSA, the nation’s jobless or unemployment rate at the start of 2018 went down from 6.6 percent in January 2017.

The PSA said the number of jobless dropped even as the labor force participation rate rose to 62.2 percent from 50.7 percent a year ago.

The labor force also grew from 69.4 million a year ago to 70.9 million this January. Labor force includes people 15 years old and above.

But the PSA likewise noted that underemployment rate in the country soared to 18 percent in January 2018 from 16.3 percent in January 2017.

The PSA defines underemployed as “employed persons who express the desire to have additional hours of work in their present job, or to have additional job, or to have a new job with longer working hours.” /kga

March –
IT’S WOMEN’S MONTH!

“Respect and support women
every day of the year/s!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
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Accept the National Unity Government (NUG) 
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Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
   Women’s Week
Week 3: Philippine Industry and “
   Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
   of the Girl Child Week
Daily Observances:

March 8: Women’s Rights and   
   International Peace Day;
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March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
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   Concerning Gross Human Rights Violations
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March 25: International Day of Remembrance of the
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March 27: Earth Hour

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