4 million unemployed Filipinos as of Oct 2011 – NSO

Dec 15, 2011 4:40 PM PHT

Rappler.com

SUMMARY

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The country's unemployment rate slowed to 6.4% in October from 7.1% last year. This brings the total unemployed to around 3.98 million. The country has a labor force of 62.2 million, representing those who are 15 years old and above.

MANILA, Philippines – The country’s unemployment rate slowed to 6.4% in October from 7.1% last year, according to the latest Labor Force Survey (LFS) released by the National Statistics Office.

This brings the total unemployed to around 3.98 million. The country has a labor force of 62.2 million, representing those who are 15 years old and above.

Metro Manila posted the highest unemployment rate at 10.4% while the Autonomous Region in Muslim Mindanao (ARMM) posted the lowest at 2.3%.

More males (62.6%) were unemployed compared to females (37.4%).

Across educational groups, almost one-third (32.9%) of the unemployed were high school graduates, more than one-fifth (22.6%) were college undergraduates, while 20% were college graduates. – Rappler.com