Preliminary results from the PSA’s Labor Force Survey showed the unemployment rate stood at 5.3%, slightly higher than the 5.2% jobless rate in July but lower than 8.1% a year earlier.
The size of the total labor force in August was estimated at 50.551 million, up by 557,000 from 49.994 million in July. The service sector remained the leading employer during the month, accounting for 59.9% of the total. This was followed by agriculture and industry with a 22.6% and 17.5% share, respectively.
Month-on-month declines were largely seen in fishing and aquaculture ; construction ; and arts, entertainment and recreation .
Trolls are now out of job, thus, adding to the unemployment rate? Sad. Kapit lang. Unity!
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