Unemployment, underemployment down in January — PSA report

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The number of Filipinos without work as well as those who want a better job both slid in January, the Philippine Statistics Authority (PSA) reported on Thursday.

The PSA’s latest Labor Force Survey showed that the unemployment rate last January declined to 6.6 percent from 7.5 percent in the same month last year.

The underemployment rate, meanwhile, likewise dropped to 17.5 percent in January from 19.5 percent during the same month in 2013, the PSA survey showed.

The PSA defines the underemployed as “[e]mployed persons who express the desire to have additional hours of work in their present job, or to have additional job, or to have a new job with longer working hours.”

According to the PSA, the comparative estimates excluded figures from Region 8 or Eastern Visayas, which had been the most badly hit by Supertyphoon “Yolanda”(international name: Haiyan) in late 2013.

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