Monday 16 July
Powered by Ajaxy
Dec 12, 2017 @ 21:18

Less than 1M Filipinos claim to be underemployed in October — NEDA

 

It’s the lowest figure recorded in over a decade.

Underemployment touched a fresh low in October to 15.9%, down from the 18% recorded in 2016, the Philippine Statistics Authority said. This pertains to the number of Filipinos wanting to work additional hours to make more money.

This roughly translates to 893,000 underemployed workers, who have jobs but want additional sources of income.

This came despite a slight decline in Filipinos with jobs, with the employment rate down to 95% from 95.3% a year ago.

Those with steady salaried jobs went up by 624,000, while those with unstable employment arrangements went down to 33.9% from 36.3% last year.

“Regular conduct of job fairs and provision of livelihood assistance have contributed to the improvement of underemployment especially in areas outside of the National Capital Region. This is a good indicator that our efforts in the lagging regions are starting to take effect,” National Economic and Development Authority Secretary Ernesto Pernia said in a statement.

Tags: , , , , , , ,

Related Stories
Is the central bank losing its hold on prices?
Even the central bank got it all wrong.
The agency is setting the record straight a day after the blunder.
The expansion was slower than expected.


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.