Philippines: Unemployment Rate Climbs To 8 Percent In April 2008
Today the National Statistics Office released the latest employment report based on the Labor Force Survey (LFS) April 2008. Regarding to the report the unemployment rate climbed to 8% in April 2008 compared to 7.6% in April 2007, while the employment rate dropped to 92% in April 2008 compared to 7.4% a year ago.
In April 2008 the number of unemployed persons was reported at 2.9 million. The total employed population was registered at 33.5 million. While 49.6% of the employed were in the services sector, 35.5% were in the agriculture sector and 14.9% in the industry sector.
