PSA: 2.4 mil­lion Filipinos un­em­ployed in July

Sun.Star Cagayan de Oro - - Top Stories -

THE Philip­pines’ un­em­ploy­ment rate in­creased in July to 5.6 per­cent or which means 2.373 mil­lion Filipinos were un­em­ployed dur­ing the pe­riod, the Philip­pine Sta­tis­tics Author­ity (PSA) said Tues­day.

So­cioe­co­nomic Plan­ning Sec­re­tary Ernesto Per­nia raised con­cern over the un­em­ploy­ment rate, which was higher than the 5.4 per­cent un­em­ploy­ment rate recorded in July last year.

“The govern­ment is con­cerned over loss in em­ploy­ment and vows to im­prove the sit­u­a­tion,” said Per­nia, also direc­tor gen­eral of the Na­tional Eco­nomic and De­vel­op­ment Author­ity (Neda), which over­sees PSA.

The em­ploy­ment rate in July was es­ti­mated at 94.4 per­cent, slightly lower than the 94.6 per­cent in July last year, ac­cord­ing to PSA’s La­bor Force Sur­vey.

The re­gions with the high­est un­em­ploy­ment rates were Ilo­cos Re­gion (8.2 per­cent), Na­tional Cap­i­tal Re­gion (NCR) (7.9 per­cent) and Cen­tral Lu­zon (7.1 per­cent), the sta­tis­tics of­fice said.

Among the un­em­ployed per­sons in July, 64 per­cent were males.

“Of the to­tal un­em­ployed, the age group 15 to 24 years com­prised 49.3 per­cent, while the age group 25 to 34, 29.7 per­cent. By ed­u­ca­tional at­tain­ment, 21.3 per­cent of the un­em­ployed were col­lege grad­u­ates, 14.5 per­cent were col­lege un­der­grad­u­ates, and 33.1 per­cent have com­pleted ju­nior high school,” PSA said.

Per­nia ex­pressed hope that more jobs will be cre­ated with some of the govern­ment’s 75 flag­ship projects com­menc­ing soon.

Around 1.1 mil­lion new jobs are ex­pected to be cre­ated ev­ery year, he said.

Un­derem­ploy­ment, on the other hand, de­clined to 16.3 per­cent in July from 17.3 per­cent a year ago, PSA said.

Con­sid­ered un­der­em­ployed are em­ployed per­sons who ex­press the de­sire to have ad­di­tional hours of work in their present job, or to have ad­di­tional job, or to have a new job with longer work­ing hours.

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