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Labor Force Survey Report

The results of the October 2017 LFS round indicated decent work gains in terms of generating quality employment. The underemployment rate eased considerably by 2.1 percentage points (ppts) from 18.0% to 15.9%, which has been a record low since October 2006. Moreover, vulnerable employment rate, as measured by share of self-employed and unpaid family workers to total employment, decreased to 33.9% to 36.4% year-on-year.

However, despite notable decent work gains, there was a slight employment contraction (at 95.0% from 95.3%) and marginal increase in unemployment rate (at 5.0% from 4.7%), mainly driven by employment losses in agriculture. There was also a decline in the labor force participation rate (at 62.1% from 63.6%) primarily due to more young persons staying in school as a result of the K to 12 implementation and females pulling out of the labor force to assume household duties.

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Title: October 2017 Labor Force Survey (LFS) Results
Researcher: Employment Research Division