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Jobless rate drops to 4.2% in October

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Unemployment Rate,October,Jobless Rate

THE country's unemployment rate went down in October, the lowest since 2005, the Philippine Statistics Authority (PSA) reported on Thursday.

THE country's unemployment rate went down in October , the lowest since 2005, the Philippine Statistics Authority (PSA) reported on Thursday. The jobless rate dropped to 4.2 percent from 4.5 percent in September and 4.8 percent in the same month last year. The percentage translates to 2.09 million unemployed Filipinos, lower than September's figure of 2.26 million. It is also lower than the 2.24 million in October last year, reflecting a year-on-year drop of 15,000 unemployed individuals.

Underemployment — which counts those looking for more work or an extra job — rose to 11.7 percent from 10.7 percent a month earlier, but was lower than the 14.2 percent in the same month last year. The number of underemployed was equivalent to

Unemployment Rate October Jobless Rate Philippine Statistics Authority Underemployment

 

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