| Philippines' domestic unemployment rate was recorded at 7.2% in April this year, as compared to 8.0% recorded in April last year. As reported by IHS Global Insight Daily Analysis, the comparatively increased unemployment figures were mainly due to a constant weakness in pockets of the economy. The service sector was continuously responsible for the bulk of employment at 51.7% of the total, whereas the share of the citizens employed in agriculture and industry was recorded at 33.0% and 15.3% respectively. About 1.76mn fresh jobs have been created by the end of April, due to the recovery of economic growth. |
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