Statistics | Unemployment rate holds steady
The unemployment rate and the underemployment rate for the March to May 2016 period remained stable at 1.9 percent and 0.5 percent respectively, according to information released by the Statistics and Census Service.
The total labor force during the period amounted to approximately 396,200, and the labor force participation rate stood at 72 percent.
Total employment decreased by about 1,000 from the previous three-month period, February to April, recorded at 388,600. Analyzed by industry, employment in Restaurants & Similar Activities and Gaming & Junket Activities registered decreases, while that in Wholesale & Retail Trade saw an increase.
The number of unemployed dropped by 100 from the previous tri-month period to 7,600. Entrants to the market searching for their first job accounted for 5.1 percent of the total unemployed, up by 0.1 percentage points.
Compared with the March to May period last year, the labor force participation rate dropped by 2 percentage points, while the unemployment rate and the underemployment rate rose by 0.1 and 0.2 percentage points respectively.
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