Unemployment steady at 5.1% in Oct. 17 SHARES Share it! According to the PSA’s Labor Force Survey, unemployment was at 5.1 percent while underemployment was at 13.3 in October, representing 41.3 million employed, 2.2 million unemployed and 5.5 million underemployed in October. Meanwhile, the unemployment rate for October 2018 slightly inched up to 5.1 percent compared to last year. Still, the 5.3 percent unemployment rate for 2018 is at the upper end of the 2018 target range of 4.7 to 5.3 percent. On meeting this target, Pernia urged the simplification of issuing business permits and licenses, and even reduction of fees.

Source: Manila Bulletin December 05, 2018 13:52 UTC