Unemployment in the Philippines - Part 3 - Unemployment Essay Example
Unemployment Rate in Philippines increased to 7 - Unemployment in the Philippines introduction. 50 percent in the first quarter of 2013 from 7. 10 percent in the fourth quarter of 2012. Unemployment Rate in Philippines is reported by the The National Statistics Office (NSO). Philippines Unemployment Rate averaged 9. 09 Percent from 1994 until 2013, reaching an all time high of 13. 90 Percent in March of 2002 and a record low of 6. 30 Percent in September of 2007. In Philippines, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
This page includes a chart with historical data for Philippines Unemployment Rate Philippines jobless rate increased to 7. 5 percent in April from 7. 1 percent reported in January and 6. 9 percent in April of 2012. The unemployment rate was pushed up by job losses in the agricultural sector due to extreme weather conditions. | The employment rate reached 92. 5 percent, down from 93. 1 percent a year ago, due to a drop in the number of agricultural workers (down by 624 thousand workers).
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The total number of employed persons in April of 2013 is estimated at 37 819 million compared to 37 840 million in April of 2012. While employment in the agriculture sector had dropped, employment in the industry sector and services sector grew by 3. 8 percent and by 1. 9 percent, respectively. Laborers and unskilled workers comprised the biggest group making up one-third (32. 6 percent) of the total employed persons; 57. 5 percent of the total employed population were wage and salary workers and 63. 5 percent were working full time.
There were more males (61. 4 percent) than females (38. 6 percent) among the unemployed. The age group 15-24 made up 48. 2 percent of the total unemployed, while the age group 25-34, 30. 9 percent. By education, about one-fifth (21. 3 percent) of the unemployed were college graduates, 14. 6 percent were college undergraduates, and 31. 7 percent were high school graduates. The number of under-employed persons in April of 2013 was estimated at 7 252 million placing the under-employment rate at 19. 2 percent, slightly down from 19. 3 percent a year ago.