PH jobless rate eases to 6.9% in April

Posted at 06/15/12 2:39 PM

MANILA, Philippines (UPDATE) - The country's unemployment rate eased to 6.9% in April, the National Statistics Office said on Friday. April's jobless rate compares with 7.2% in January.

The underemployment rate stood at 19.3% in April versus January's 18.8%.
There were 2.8 million unemployed in the Philippines as of April, lower than 2.92 million reported in January. 

The NSO said the total labor force was at 40.6 million, nearly unchanged from 40.3 million in January, with a labor force participation rate of 64.7%.      

Underemployed workers were 7.3 million in April, higher than 7.0 million in January. More than 60% of the underemployed worked for less than 40 hours a week.   
Of the estimated 37.8 million people employed in April, more than half were in the services sector and a third were in agriculture. The rest were in industry, particularly manufacturing.

The Philippines' jobless rate is among the highest in Southeast Asia, and compares with around 6.6% in Indonesia, 2.1% in Singapore, and 0.7% in Thailand.