Unemployment at 5.1 percent, underemployment at 13.3 percent in October


Posted at Dec 05 2018 09:29 AM | Updated as of Dec 05 2018 10:29 AM

One of the many building construction sites in the capital is seen against the Manila skyline. Mark Demayo, ABS-CBN News/File

MANILA -- Unemployment was steady while underemployment declined in October, compared to the same period in 2017, official data released Wednesday showed.

Unemployment was at 5.1 percent while underemployment was at 13.3 in October, according to the Philippine Statistics Authority's Labor Force Survey.

This represents 41.3 million employed Filipinos, 2.2 million unemployed and 5.5 million underemployed in October, data showed.

In October 2017, unemployment was at 5 percent while underemployment was at 15.9 percent. In July this year, unemployment was at 5.4 percent while underemployment was at 17.2 percent, the PSA said. 

ABS-CBN Data Analytics

The official jobless rate is based on the number of Filipinos 15 years old and above. The underemployed represent those who have jobs but wish to work additional hours or have an additional job.

A Social Weather Stations survey in September that covers those who are at least 18 years old showed that joblessness rose to 22 percent from 19.7 percent in June. The SWS said this translated to 9.8 million unemployed Filipinos.

The SWS defines jobless Filipinos as those who voluntarily left their old jobs, those who were retrenched, and first-time job seekers.

The Department of Labor and Employment said the SWS poll failed to consider that some people opt not to work even if jobs are available to them.