Unemployment rate down

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The total number of people employed gainfully in the country grew marginally to 93.9 percent in April from 93.6 percent a year ago. Thus, the unemployment rate dropped in April to 6.1 percent from 6.4 percent in April 2015, according to the Labor Force Survey (LFS) the Philippine Statistics Authority (PSA) released on Thursday.

The unemployment rate in April 2015 did not include the island of Leyte that was hit by Super typhoon Yolanda in November 2013. The figures for April this year include Leyte.

While the number of people employed across the country has increased and those unemployed has dropped, the rate of underemployment shot up, on year-on-year basis, to 18.2 percent from 17.8 percent. And Leyte included the underemployment rate in April was 18.4 percent.

MAYVELIN U. CARABALLO


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