MANILA, Philippines — The Philippines’ unemployment rate slid down to 4% in August, translating to 2.07 million Filipinos who are jobless, the Philippine Statistics Authority (PSA) said on Tuesday, October 8.
This is an improvement from the July unemployment rate, which was at 4.7%.
“In terms of magnitude, the number of unemployed individuals in August 2024 was registered at 2.07 million. This was lower than the estimated number of unemployed persons of 2.22 million in August 2023 and 2.38 million in July 2024,” the PSA said.
This means the employment rate is currently at 96%, which translates to 49.15 million employed individuals.
The labor force participation rate (LFPR), which is the ratio of the working age population to the actual labor force, is currently at 64.7% for August. This participation rate is higher than the 63.5% in July.
Underemployment, or those who need additional work hours or a second job, is at 11.2% or 5.48 million people.
“The reported LFPR in August 2024 translates to a total of 51.22 million Filipinos aged 15 years old and over who were in the labor force, or those who were either employed or unemployed,” the PSA said.
The PSA also said that employed persons worked an average of 40.7 hours per week.
It should be noted that the government considers a person employed if they work at least one hour a week.
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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