Employment Rate in October 2017 is Estimated at 95.0 Percent

The employment rate in October 2017 was estimated at 95.0 percent. In October 2016, the employment rate was 95.3 percent.

Regions with lowest employment rates were Ilocos Region (91.8%), National Capital Region (NCR) (93.9%), and Central Luzon (94.0%) (Table 4). The labor force participation rate (LFPR) in October 2017 was estimated at 62.1 percent given the population 15 years old and over of 70.4 million. The LFPR in October 2016 was 63.6 percent. The labor force population consists of the employed and the unemployed 15 years old and over.

PSA Press Conference on the 2017 Third Quarter Performance of the Philippine Economy

The Philippine Statistics Authority (PSA) announces the holding of a Press Conference on the 2017 Third Quarter Performance of the Philippine Economy on 16 November 2017 (Thursday) at 10:00 a.m. at the Hampton Conference Hall, Second Floor, Astoria Plaza,15 J. Escriva Drive, Ortigas Business District, Pasig City.

Total approved foreign investments reached P18.2 billion in Q2 2017

Total foreign investments (FI) approved in the second quarter of 2017 amounted to PhP 18.2 billion from PhP 40.4 billion recorded in the same period last year. The total FI represents the seven investment promotion agencies (IPAs), namely the Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA) as well as the Authority of the Freeport Area of Bataan (AFAB), BOI-Autonomous Region of Muslim Mindanao (BOI-ARMM), and Cagayan Economic Zone Authority (CEZA). Meanwhile, total approved FI for the first six months of the year reached PhP 41.0 billion, lower by 38.4 percent from PhP 66.6 billion in the previous year.

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