PHL unemployment rate at 4% in April: PSA

(Eagle News)–Unemployment rate in the Philippines slightly rose to 4% in April, according to Philippine Statistics Authority data.

The unemployment rate the month before  was pegged at 3.9%.

According to the PSA, the April rate translates to 2.04 million unemployed individuals.

The employment rate was pegged at 96% or 48.36 million employed persons.

By broad industry group, the services sector remained the top sector in terms of the number of employed persons, with a share of 61.4 percent of the total employed persons.

The agriculture and industry sectors accounted for 20.3 percent and 18.3 percent of the employed persons, respectively.

The top five sub-sectors in terms of annual increase in the number of employed persons in April, meanwhile, were:

  1. Accommodation and food service activities (638 thousand);
  2. Construction (378 thousand);
  3. Transportation and storage (289 thousand);
  4. Manufacturing (285 thousand); and
  5. Other service activities (200 thousand).

The following posted the highest annual decreases in terms of number of employed individuals:

  1. Agriculture and forestry (-818 thousand);
  2. Wholesale and retail trade; repair of motor vehicles and motorcycles (-587 thousand)
  3. Human health and social work activities (-85 thousand);
  4. Public administration and defense; compulsory social security (-72 thousand); and
  5. Real estate activities (-68 thousand)

Wage and salary workers continued to account for the largest share of employed persons with 63.6 percent, followed by self-employed persons without any paid employee at 27.9 percent and unpaid family workers at 6.5 percent.

Employers in own family-operated farm or business posted the lowest share, at 2.1 percent.

 

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