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

January – ZERO WASTE MONTH

“Stop wasting our money.
Stop corruption!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

January

 

24 Jan – International Day of Education

26 Jan – International Day of Clean Energy

 

Monthly Observances:

 

National Microinsurance Month 

Zero Waste Month

 

Weekly Observances:

Week 1: National Time Consciousness Week

Week 3: National Mental Health Week 

Last Week: Children’s Week


Daily Observances:

January 6: Community Development Day 

Third Sunday: Children’s Day 
Day of Sanctity and Protection of Human Life

 

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