This article published in Businessworld (September 10, 2015) entitled “July 2015 Employment Snapshot” showed labor and employment indicators in 2014 and 2015. The Philippine Statistics Authority (PSA) reported that there was a slight improvement in employment rate from 93.3% to 93.5% (or decrease in unemployment from 6.7% to 6.5%) from 2014 to 2015. However, the slight increase in employment was offset by an increase in underemployment from 18.3% to 21.0%.
Data also showed that in terms of employment by sector, the services sector provided the highest number of jobs (21.74M), followed by the agriculture sector (10.97M) and by the industry sector (6.46M).
It should be noted that the projected severe El Niño could effect the agriculture sector and this may force workers to quit work or seek jobs in other lines of work, as farming at this time may not be feasible.
