Philippine employment situation
Jobless rate in January settled at 4.8% year-on-year. This was lower compared to the same period last year (6.4%).
However, the latest figures were higher than the 4.3% recorded in December. This was equivalent to 2.37 million Filipinos. — Ramon Royandoyan
Unemployment amounted to 4.3% in December 2022. This was higher than the 4.2% outturn in the preceding month.
It was was lower compared to the 6.6% figure in 2021. Rate is equivalent to 2.22 million jobless Filipinos. — Ramon Royandoyan
Unemployment in June this year stands at 6%, equivalent to 2.99 million Filipinos, much like the May figures. This is lower than a year ago.
Labor force participation rate stands at 64.8%. 46.59 million employed in same month. — Ramon Royandoyan
President Duterte signs the law establishing the Department of Migrant Workers, which had certified as urgent in March.
The new act merges the Philippine Overseas Employment Administration and the Overseas Workers Welfare Association.
The Philippine Statistics Authority reports that there were 3.50 million people who were either unemployed or out of business in October, translating to a jobless rate of 7.4%, lower than 8.9% rate in September. — Ian Nicolas Cigaral
Bookmark this page for updates on the the employment situation in the Philippines. Photo courtesy of The STAR/Micheal Varcas
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