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Philippine unemployment rate dips in Oct.

MANILA, Dec. 15 Kyodo The unemployment rate in the Philippines dipped to 9.4% in October from 9.6% a year earlier, even though the country's workforce increased 2.3% in the month, the government said Wednesday.

The unemployment rate is up, however, from 8.4% three months earlier.

The National Statistics Office said the ranks of the underemployed also eased in October, down to 22.1% from 23.7% a year earlier, although the October figure was down from the 22.3% registered in July this year.

A workforce survey conducted by the office showed the number of economically active Filipinos rose 2.3% to 32.0 million from 31.3 million in October last year.

The survey also found that own-account or self-employed workers posted a 1.9% increase, while the number of unpaid family workers rose 0.2%.
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Publication:Asian Economic News
Date:Dec 20, 1999
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