The unemployment rate in January 2013 was estimated at 7.1 percent reported in January lats year.
The National Statistics Office (NSO) reported that the National Capital Region (NCR) had the highest unemployment rate at 9.5 percent and lowest in Cagayan Valley at 3.3 percent.
Among the unemployed, 63.6 percent were males in with almost half (49.3%) of the unemployed were aged 15 to 24 years.
By educational attainment, one-third or 33.7 percent of unemployed were high school graduates, 13.1 percent were college undergraduates, while 16.9 percent were college graduates.
The estimated number of underemployed persons in January 2013 was 7.93 million, placing the underemployment rate at 20.9 percent of the employed population.
In comparison, in January 2012, the underemployed was estimated at 7.02 million comprising 18.8 percent of the total employed.
The underemployed persons or those working for lose than 40 hours in January 2013 accounted for 55.2 percent of the total underemployed.
Those who worked for 40 hours or more made up 43.3 percent. About 42.3 percent of underemployed worked in the services sector, while 41.8 percent were in the agriculture sector. Those in the industry sector accounted for 15.9 percent.
The results of the January 2013 Labor Force Survey (LFS) revealed that there were 37.94 million employed persons in January 2013.
The figure translates to an employment rate of 92.9 percent, which is similar to the employment rate reported in January 2012 (92.8%).
Source: Manila Bulletin - March 16, 2013
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