Unemployment down at 6.4% in April from 7% yr-ago


Unemployment in the Philippines dropped to 6.4 percent in April from 7 percent a year earlier, with additional jobs boosting the employment rate slightly, preliminary figures from the Labor Force Survey (LFS) show.

The jobless rate also declined from 6.6 percent in January 2015, according to the LFS figures, released on Tuesday by the Philippine Statistics Authority (PSA).

The PSA explained, however, the April LFS data does not reflect the employment situation in the whole country, with Leyte province still excluded from the survey.

“The province of Leyte was not covered in the April 2015 LFS. A new sampling frame for the province of Leyte has to be created. This is because of the large number of households in Leyte which were displaced by typhoon Yolanda,” the agency said in a technical note.

The employment rate in April was at 93.6 percent, showing a slight increase from 93 percent in the corresponding month last year and from 93.4 percent recorded in January 2015.

The underemployment rate, or the percentage of the underemployed against the total number of workers fell to 17.8 percent from 18.2 percent a year earlier and from 17.9 in January.  MAYVELIN U. CARABALLO



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