The country’s employment rate in Oct 2018 was estimated at 94.9%, compared to the 95.0% employment rate in Oct 2017. During the same period, the labor force participation rate (LFPR) was estimated at 60.6% of the 71.9 million population of 15 years old and over.
The largest proportion of workers were employed in the services sector comprising 56.8% of the total number of employed in Oct 2018. The agriculture sector employed 24.1%, while the industry sector absorbed 19.1%.
In Oct 2018, the underemployment rate, which is the percentage of the underemployed to the total employed, was estimated at 13.3%, lower than its Oct 2017 level at 15.9%. The unemployment rate, on the other hand, was estimated at 5.1%, marginally higher than the 5.0% recorded in the same period last year.