UNEMPLOYMENT dropped in April from a month earlier, the Philippine Statistics Authority (PSA) reported on Friday. READ HERE:
The country's jobless rate declined to 4.5 percent from 4.7 percent in March but underemployment — which counts those looking for more work or an extra job — registered an uptick to 12.9 percent from 11.2 percent in the previous month.Reckoned from a year earlier, both unemployment and underemployment improved from 5.7 percent and 14.0 percent, respectively.
The top five sub-sectors contributing to the increase were wholesale and retail trade and the repair of motor vehicles and motorcycles, accommodation and food service activities, administrative and support service activities, transportation and storage, and other service activities.Wage and salary workers continued to account for the largest share of the employed at 61.5 percent of the total.The Labor Force Participation Rate , meanwhile, increased to 65.1 percent in April from 63.
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