PSA: Unemployment rate up  6% in May 

By Katrina Gracia Consebido

 

The Philippine unemployment rate for May 2022 has increased to 6% from the 5.7% in April, translating to around 2.93 million jobless Filipinos from April’s 2.76 million.

Based on the Philippine Statistics Authority (PSA) report, May’s jobless rate at 6% is lower than 7.7% during the same month last year.

Underemployment rate also increased to 14.5%, higher than May 2021’s 12.3% and the 14% in April 2022. 

The PSA, meanwhile, said 94 in every 100 individuals in the labor force are employed in May 2022, higher than the recorded 92.3% employment rate from the previous year, but lower than the 94.3% in April 2022. 

The top five sub-sectors in terms of month-on-month increase in employment from April 2022 to May 2022 are wholesale and retail trade (1.12 million), construction (232,000), fishing and aquaculture (104,000), manufacturing (90,000), and transportation and storage (70,000).

The top sub-sectors on unemployment are agriculture and forestry (-732,000), public administration and defense; compulsory social security (-159,000);  arts, entertainment and recreation (-109,000); education (-95,000); and professional, scientific, and technical activities (-51,000).

The wholesale and retail trade, repair of motor vehicles and motorcycles industries had the highest increase in the number of employed individuals with 708,000 employed persons.

The agriculture and forestry industry had the highest decline in employment from May 2021 to May 2022.  – ag

Popular

LTO integrates online driver’s license renewal system in eGovPH app

By Dean Aubrey Caratiquet The Land Transportation Office (LTO) has integrated the online driver’s license renewal in the eGovPH app, which ensures a fast and...

5 of 21 Filipinos in Houthi-hit ship in Red Sea rescued — DFA

By Joyce Ann L. Rocamora and Marita Moaje | Philippine News Agency Five of the 21 Filipino seafarers manning the cargo vessel Eternity C, which...

PBBM directs gov’t officials: Focus on work, avoid politicking

By Dean Aubrey Caratiquet At the Malacañang press briefing this Wednesday, July 9, Presidential Communications Office (PCO) Undersecretary and Palace Press officer Claire Castro reiterated...

Nearly 12K cops to secure SONA — PNP

By Christopher Lloyd Caliwan | Philippine News Agency The Philippine National Police (PNP) on Tuesday said almost 12,000 police officers will be deployed to provide...