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Unemployment inches up in October 2018

December 5, 2018 4:11 AM
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While unemployment slightly rises in October 2018, underemployment or the number of people looking for additional jobs goes down

According to the PSA's Labor Force Survey (LFS), the country's unemployment rate inched up to 5.1%, slightly higher than the recorded 5% in October 2017.

Meanwhile, the underemployment rate or the number of people who have jobs but expressed the need for additional hours of work to cover expenses went down to 13.3%. The figure is lower than the 15.9% posted in October 2017.

Most Filipinos are employed in the services sector, comprising 56.8% of the total number of employed persons in the country.


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