PH unemployment rate down to 4.2% in Oct | Inquirer Business
2.09 million Filipinos either jobless or out of business

PH unemployment rate down to 4.2% in Oct

MANILA  -The proportion of unemployed Filipinos in the total labor force slightly went down in October, although the quality of available jobs appeared to have deteriorated, the Philippine Statistics Authority (PSA) reported Thursday.

The PSA report showed there were 2.09 million Filipinos who were either jobless or out of business in October.

That was equivalent to an unemployment rate of 4.2 percent, down from 4.5 percent in the previous month.


But more people sought additional working hours to augment their income, an indication that job quality declined during the month. There were 5.6 million underemployed persons in October, up from 5.11 million in September.


That translated to an underemployment rate of 11.7 percent, up from 10.7 percent in the previous month.

The 95.8 percent employment rate in October, the PSA said, was the highest recorded since April 2005.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: PSA, underemployment, unemployment

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.