UNEMPLOYMENT eased to 4.2 percent in November, the Philippine Statistics Authority (PSA) reported on Friday, the lowest in nearly 18 years.At an estimated 2.18 million, the number...
UNEMPLOYMENT eased to 4.2 percent in November, the Philippine Statistics Authority reported on Friday, the lowest in nearly 18 years.At an estimated 2.18 million, the number of Filipinos without jobs improved from 2.24 million in October and the 3.16 million a year earlier, preliminary data from the PSA's November Labor Force Survey showed.The jobless rate in November 2021 was a much higher 6.
8 percent a year earlier.This means that the number of employed persons looking for more work increased to an estimated 7.16 million from 6.67 million a month earlier.The employment rate of 95.8 percent was also said to be the highest recorded since April 2005. An estimated 49.71 million persons 15 years old and over had jobs as of November, up from 47.11 million in October and 45.47 million a year ago.The services sector continued to account for the biggest share of employment at 60.
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