#Philippines Labor Indicators Take A Dive

JUST THE NUMBERS
 
Philippines Labor Statistics – July 2016 vs Jan 2017
Data provided by Philippine Statistics Authority
 
It’s already mid-year of 2017 thus far, the Philippine Statistics Authority has already provided data up to Jan 2017. So let’s just review the data they provided:
 
Slide1
Employment Rate – Dropped by 1.3% (from 94.6 to 93.4)
Slide2
Labor Force Participation Rate – Dropped by 4.1% (from 63.3 to 60.7) – This means people who are able to work have stopped looking for work.
 

Slide3

Unemployment Rate – Increased by 22.2% (from 5.4 to 6.6) –
This figure reflects the people of working age, who are still working for work, and haven’t found any.
This is obviously understated once we factor in the people who are of working age but have stopped looking for work.
In plain and simple terms the Philippines labor indicators show a dive for the period from July 2016 to Jan 2017.
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One comment

  1. 110 Million & Rising · ·

    I do not rely on Philippine Statistics. Philippine statistics are fake statistics like fake news of Philippines.

    What I do, I walk … take a walk … I can know right away without numbers from some Philippine Statistician that unemployment is pervasive in the Philippines.

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