Jobless rate steady in July: gov't data


Posted at Sep 12 2017 10:07 AM

MANILA - The unemployment rate was little changed at 5.6 percent in July from 5.7 percent in April, data from the Philippine Statistics Authority showed.

Underemployment was also steady during the same comparative period to 16.3 percent from 16.1 percent. The employment rate was at 94.4 percent compared to 94.3 percent in the previous study.

A separate study by Social Weather Stations in June showed job optimism was "very high" as the unemployment rate edged down to 22.2 percent in June from 22.9 percent in March.

The SWS study covers workers 18 years old and above while the government survey includes workers as young as 15.

President Rodrigo Duterte is embarking on a P8-trillion infrastructure program which is expected to generate 2 million jobs annually, according to his economic managers.