Joblessness dips in December 2024 – PSA
MANILA, Philippines — The number of unemployed Filipinos fell to 1.63 million in December from 1.66 million in November amid the seasonal increase in employment during the holiday season.
That translates to a jobless rate of 3.1% from 3.2% before, the Philippine Statistics Authority (PSA) reported on Thursday.
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But the quality of available jobs created during the holiday season was low and may not be enough for some workers to make ends meet.
The number of underemployed Filipinos, or those who sought additional jobs or working hours to augment their income, rose to 5.48 million in December from 5.35 million in the preceding month.
That is equivalent to an underemployment rate of 10.9% from 10.8% before.
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