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.
It’s women’s month!
“Support women every day of the year!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #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
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour
