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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FROM 2.42M IN MARCH: Unemployed Pinoys down to 2.26M in April 2023The number of jobless Filipinos continued its downward trajectory in April amid increased economic activity during the period, data released by the Philippine Statistics Authority (PSA) on Friday showed.
Read more »
Philippine forex reserves hit three-month low in MayThe Philippines’ dollar reserves fell to a three-month low in May as the national government withdrew from its deposits with the Bangko Sentral ng Pilipinas (BSP) to settle its debt obligations during the period.
Read more »
Marcos approves Philippine Export Development PlanPRESIDENT Ferdinand Marcos Jr. approved on Tuesday, June 6, 2023, the Philippine Export Development Plan (PEDP) 2023 to 2028 that aims to boost capitalization on export growth...
Read more »
Expanding the Philippine fintech and IT sectors | Joseph Araneta GamboaFINANCIAL technology (fintech) and information technology (IT) firms dominated the “2023 Top Companies in the Philippines” list of LinkedIn Corp., the largest professional network in the world. According to the survey findings, fintech and IT companies are among the 15 best workplaces where Filipino professionals can grow their careers. Data…
Read more »
FPG Insurance Launches New Motorcycle, Cyclist Insurance | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Read more »
Chedeng maintains strength, moves slowly northward over Philippine SeaMANILA, Philippines — Tropical storm ‘Chedeng’ (international name ‘Guchol’) has maintained its strength as it moves northward of the Philippine Sea,
Read more »