Philippine unemployment rate down to 3.5%, job quality better in February
MANILA: The number of jobless Filipinos went down in February to 1.8 million, from 2.15 million in January, the Philippine Statistics Authority reported on Thursday (April 11).

That brought the country’s unemployment rate to 3.5 per cent, lower than the 4.5 per cent in the preceding month.

At the same time, 6.08 million Filipinos were underemployed in February, representing those who sought additional jobs or working hours to augment their income. That was lower than the 6.39 million underemployed persons in January.

That translated to an underemployment rate of 12.4 per cent in February against the 13.9 per cent in January.

The National Economic and Development Authority (Neda) earlier said the Marcos administration was working on strengthening linkages among industry, the academe, and the public sector to address skill mismatches in the labour market. - Philippine Daily Inquirer/ANN
Philippines,unemployment,rate,February
MANILA: The number of jobless Filipinos went down in February to 1.8 million, from 2.15 million in January, the Philippine Statistics Authority reported on Thursday (April 11).