PHL jobless rate rises to 6.8% in Oct. — NSO

December 18, 2012 3:38pm

The jobless rate in the Philippines rose to 6.8 percent in October from 6.4 percent a year earlier, the National Statistics Office reported Tuesday.

 

“The proportion of the unemployed persons to the labor force was estimated at 2.8 million, which translated an unemployment rate of 6.8 percent,” the NSO said.

 

“The rate was slightly higher than last year’s unemployment rate of 6.4 percent,” it added.

 

At 11 percent, the jobless rate in the national capital region was the lowest and, at 2.4 percent, Cagayan was the lowest.

 

“Among the unemployed persons, there were more males (62.1 percent) than females (37.9 percent).  Most (48.5 percent) of the unemployed persons belong to age group 15 to 24 years,” according to the NSO.

 

Last September when NSO reported the previous jobless data, it said that the unemployment rate in July 2012 was estimated at 7 percent or almost unchanged 7.1 percent a year earlier.

 

“The NCR posted the highest unemployment rate at 9.9 percent while Cagayan Valley posted the lowest at 3.2 percent,” the NSO noted in its September report.

 

“Among the unemployed persons, there were more males (62.1 percent) than females (37.9 percent).  Majority (51.2 percent) of the unemployed persons belong to age group 15-24 years. — SOA/VS, GMA News