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Unemployment eases to 5.8 pct in March with 2.87 million Filipinos jobless

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Job hunters visit a job fair in Manila on Labor Day, May 1, 2022. Mark Demayo, ABS-CBN News, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/tvpatrol/05/06/20220501-labor-day-job-fair-md-9.png"/><figcaption>Job hunters visit a job fair in Manila on Labor Day, May 1, 2022. <em>Mark Demayo, ABS-CBN News, ABS-CBN News</em></figcaption></figure></div><p>MANILA - Unemployment rate in March eased to 5.8 percent or equivalent to 2.87 million jobless Filipinos, government data released Friday showed. </p><p>The total is lower compared to the 6.4 percent unemployment rate in February, which is equivalent to 3.13 million jobless Filipinos the previous month, the Philippine Statistics Authority said.</p><p>March joblessness rate is also better compared to the 7.1 percent or 3.44 million without jobs in March 2021.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">PSA: Philippine unemployment was at 5.8% in March (2.87 million) from 6.4% in February. (3.13 million) <a href="https://t.co/YE1ufJ2SpY">pic.twitter.com/YE1ufJ2SpY</a></p>— Warren de Guzman (@wddeguzman) <a href="https://twitter.com/wddeguzman/status/1522382868588101632?ref_src=twsrc%5Etfw">May 6, 2022</a></blockquote><div><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8" type="text/javascript"></script></div><p>LINK: https://news.abs-cbn.com/business/04/07/22/unemployment-at-64-pct-in-feb-313-m-filipinos-jobless</p><p>Underemployment, or people who need more jobs or job hours rose to 15.8 percent or 7.42 million in March from 14 percent of 6.38 million in February 2022, data showed.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">PSA: Underemployment meanwhile has increased. The underemployment rate rose to 15.8% in March from 14% in February. That represents 7.42M underemployed Filipinos in March from 6.38M in February. <a href="https://t.co/QrYKPslgLU">pic.twitter.com/QrYKPslgLU</a></p>— Warren de Guzman (@wddeguzman) <a href="https://twitter.com/wddeguzman/status/1522383962059927552?ref_src=twsrc%5Etfw">May 6, 2022</a></blockquote><div><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8" type="text/javascript"></script></div><p>The total employment rate, meanwhile, also slightly improved to 94.2 percent rate or 46.98 million from 93.6 percent or 45.48 the previous month, the PSA said.</p><p>Economic managers have said the easing of COVID-19 restrictions and recovery of business activities could lead to more jobs, which is reflected in the current employment data.</p><p>&quot;We welcome the latest employment situation reported by the Philippine Statistics Authority (PSA) showing employment rate in March 2022 at 94.2 -- the highest since April 2020,&quot; Presidential Communications Secretary and Acting Presidential Spokesperson Martin M. Andanar said.</p><p>&quot;This proves how effective our calibrated strategy of shifting to Alert Level System to further reopen the economy – where more businesses are operating and more Filipinos are able to go to work – while ramping our COVID-19 vaccination drive,&quot; he added.</p><p>However, several groups such as the Asian Development Bank warned that although employment numbers are reverting to its pre-pandemic level, there was an increase in low-quality jobs.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/28/21/pandemic-scarring-effect-philippine-jobs">Pandemic leading to lower quality jobs: ADB official</a></li>	<li><a href="https://news.abs-cbn.com/business/03/18/22/in-person-classes-to-boost-employment-economy-neda">Return of face-to-face classes to boost employment, economy: NEDA</a></li></ul><div><strong>- with reports from Warren De Guzman and Job Manahan, ABS-CBN News</strong></div><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2024903" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Unemployment rate in March eased to 5.8 percent or equivalent to 2.87 million jobless Filipinos, government data released Friday showed. 