The country’s jobless rate stood at 4.5% in October, lower than 5.1% recorded in the same month last year. Employment rate in October was estimated at 95.5%, higher than 94.9% recorded a year ago. Broken down, workers in the services sector accounted for 57.7% of the employed population, followed by agriculture (23.5%) and industry (18.9%). “By comparison, the underemployed persons who worked for 40 hours or more in a week in October 2019 made up 38.0%,” the PSA said. “By sector, 44.9% of the underemployed worked in the services sector, while 37.8% were in the agriculture sector.

Source: Philippine Star December 05, 2019 04:06 UTC