Connect with us

Hi, what are you looking for?


Job quality worsens in October despite reduced unemployment

THE LATEST labor data in October showed a mixed picture as the ranks of Filipinos who are jobless and looking for work declined, while those that are already employed but wanting more work increased compared with the previous month.  

The preliminary report of the Philippine Statistics Authority’s (PSA) October round of the labor force survey (LFS) put the unemployment rate at 7.4%, compared with 8.9% in the previous round. It was the lowest jobless rate in three months, or since July 2021’s 6.9%.  

In absolute terms, there were 3.504 million unemployed Filipinos in October, down from 4.255 million in September.  

Meanwhile, the quality of available jobs declined as the underemployed rate – the proportion of those already working but still looking for more work or longer working hours – increased to 16.1% from 14.2% in the previous month, equivalent to 7.044 million Filipinos, from 6.183 million a month ago.  

The underemployment rate in October was the highest since July’s 20.9%. 

The size of the labor force was about 47.330 million in October, down from 47.847 million in September. This brought the labor force participation rate to 62.6% of the working-age population in October from September’s 63.3%. 

The employment rate stood at 92.6% of the labor force in October, down from 91.1% in September. This is equivalent to 43.826 million employed individuals during the period from 43.592 million previously.  

In an online Q&A, the PSA attributed the slight improvements in employment to the easing of granular level lockdowns. However, they reiterated the full effects of the easing of restrictions will be reflected in the November data.  

Services and industry made up 57.6% and 17.8% of total employment in October, respectively, down from 57.8% and 18.7% in September. Meanwhile, agriculture’s share of employment increased to 24.6% from 23.5% a month earlier. — Bernadette Therese M. Gadon

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



By Arjay L. Balinbin, Senior Reporter METRO Pacific Tollways Corp. (MPTC) said its unit NLEX Corp. expects to award the Candaba Third Viaduct project,...


1 of 3 ARMANI’s diffusion line, Armani Exchange, is trading in its old store look for a new one. During a short introduction to...


1 of 12 IN 2016, the Mobilio, a dynamic-looking people mover predicated on the Brio platform, was merrily minding its own business — and...


ANDREW L. TAN’s Global-Estate Resorts, Inc. will be building a luxury residential village in Trece Martires, Cavite from which it expects P1.3 billion in...


A BRIGHTLY colored hanging cocoon chair designed by the Campana brothers — EU.LOUISVUITTON.COM SHANGHAI — Louis Vuitton on Friday announced plans to open a...


PHOTO FROM SHELL PHILIPPINES The Shell Mamplasan mobility site located on the South Luzon Expressway, Biñan, Laguna has switched to renewable energy from Shell...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.