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Job hunters visit a job fair in Manila on Labor Day, May 1, 2022. An estimated 3.13 million Filipinos are jobless, while around 6.38 million Filipinos are underemployed based on the February 2022 report released by the Philippine Statistics Authority. 


Mark Demayo, ABS-CBN News

Job hunters visit a job fair in Manila on Labor Day, May 1, 2022. An estimated 3.13 million Filipinos are jobless, while around 6.38 million Filipinos are underemployed based on the February 2022 report released by the Philippine Statistics Authority. 

Mark Demayo, ABS-CBN News

Article (news)

LABOR DAY-EMPLOYMENT 04112024

Arthur Fuentes

Benise Balaoing

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1712798281403LABOR-DAY-EMPLOYMENT-04112024.jpg" style="width:950px" class="fr-fic fr-dib" alt="Job hunters visit a job fair in Manila on Labor Day, May 1, 2022. An estimated 3.13 million Filipinos are jobless, while around 6.38 million Filipinos are underemployed based on the February 2022 report released by the Philippine Statistics Authority.   Mark Demayo, ABS-CBN News"/><span class="fr-inner" spellcheck="false" style="text-align:left">Job hunters visit a job fair in Manila on Labor Day, May 1, 2022. An estimated 3.13 million Filipinos are jobless, while around 6.38 million Filipinos are underemployed based on the February 2022 report released by the Philippine Statistics Authority.   <em>Mark Demayo, ABS-CBN News</em></span></span></span></div><div data-block="true" data-editor="dv06h" data-offset-key="cvr61-0-0" style="box-sizing:border-box;column-rule:4px outset rgb(255, 0, 255);color:rgb(51, 51, 51);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:pre-wrap;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial"><br/></div><p>MANILA - More Filipinos had jobs in February and fewer workers were also underemployed, <span id="isPasted" style="color:rgb(65, 65, 65);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">, the Philippine Statistics Authority said on Thursday. </span></p><p>The Philippines&#x27; unemployment rate fell to 3.5 percent in February 2024 from 4.5 percent in January. This was also lower than the 4.8 percent clip seen in February last year, the PSA said citing the results of its Labor Force Survey.</p><div><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1712802089945feb unemployment.png" style="width:950px" class="fr-fic fr-dib"/></div><div><a href="https://news.abs-cbn.com/business/2024/3/8/unemployment-underemployment-climb-in-january-900" rel="noopener noreferrer" target="_blank">Unemployment, underemployment climb in January</a></div><p>For February, 1.8 million Filipino workers had no work during the month, which was the second lowest number since December last year when 1.6 million were jobless, said National Statistician and Undersecretary Dennis Mapa.</p><p>This was also an improvement over the 2.15 million jobless workers in January, and the 2.47 million jobless in February last year.</p><div><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1712802130046feb underemployment.png" style="width:950px" class="fr-fic fr-dib"/></div><p>The underemployment rate meanwhile also fell to 12.4 percent which was lower compared to the 13.9 percent underemployment rate in January, and the 12.9 percent rate in February last year.</p><p>The PSA said 6.08 million were classified as underemployed in February, lower than the 6.39 million seen in January, and the 6.29 million in February last year.</p><p>The top five sub-sectors that added job on a year-on-year basis were: </p><ul><li style="line-height:1">  Construction (470,000) </li><li style="line-height:1">  Transportation and storage (444,000)</li><li style="line-height:1">  Administrative and support service activities (344,000)</li><li style="line-height:1">  Manufacturing (313,000) </li><li style="line-height:1">  Accommodation and food service activities (210,000)</li></ul><div> </div><p>Month on month, wholesale and retail trade had the highest increase in employment at 1.61 million, followed by agriculture and forestry at 1.03 million. </p><p>Mapa said the opening of classes and the start of the harvest season brought about jobs growth and February.</p><p>“Opening of classes has always [had a] positive impact on employment,” he explained.</p><p>“Yung sa agri naman, kasi nga yung first quarter, particularly yung February ay nagkaroon taro ng harvesting crops,” he added.</p><p>(As for agriculture, in the first quarter, particularly in February, we started the harvesting of crops.) </p><p>Meanwhile the following five sub-sectors posted the highest annual job losses:</p><ul><li style="line-height:1">  Agriculture and forestry (-834,000)</li><li style="line-height:1">  Fishing and aquaculture (-490,000)</li><li style="line-height:1">  Public administration and defense; compulsory social security  (-418,000)</li><li style="line-height:1">  Information and communication (-107,000)</li><li style="line-height:1">  Wholesale and retail trade; repair of motor vehicles and motorcycles  (-102,000)</li></ul><div> </div><p>Mapa said fishing and aquaculture jobs declined in February because the first quarter is a lean season for fishing.</p><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/YB5QvEMym3Q?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div><div><br/></div><p>The statistician also noted that more than 1.829 million Filipinos were out of the labor force in February. He said most of them chose not to work to meet household and family duties.</p><p>The National Economic and Development Authority (NEDA) meanwhile said government is focused on attracting more investments that will create jobs for Filipinos.</p><p>“We will also continue to implement measures to address bottlenecks and expedite processes to realize investment pledges, particularly in priority sectors holding much promise, such as renewable energy and critical minerals,&quot; said Socioeconomic Planning Secretary Arsenio Balisacan.</p><p>He also noted that government will look into enhancing opportunities for part-time work, so employees can upskill or resell without leaving the workforce.</p><div><strong>RELATED VIDEO</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/GzxW6l0JmdE?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The Philippines' unemployment rate fell to 3.5 percent in February 2024 from 4.5 percent in January, the Philippine Statistics Authority said .</p>

The Philippines' unemployment rate fell to 3.5 percent in February 2024 from 4.5 percent in January, the Philippine Statistics Authority said .

Unemployment, underemployment fall in February

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Unemployment, underemployment fall in February

Arthur Fuentes,

Benise Balaoing,

ABS-CBN News

Published Apr 11, 2024 09:19 AM PHT

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Updated Apr 11, 2024 01:31 PM PHT

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unemployment

underemployment

jobless rate. Labor Force Survey

PSA

Philippine Statistics Authority

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