In a press conference yesterday, National Statistician Dennis Mapa said the country's unemployment rate went up to 3.9 percent in October from 3.7 percent in September.
The October unemployment rate, however, declined compared to the 4.2 percent posted in the same month last year.
In terms of magnitude, there were 1.97 million jobless Filipinos in October, higher than the 1.89 million in September, but lower than the 2.09 million unemployed Filipinos in October last year.
The country's employment rate declined to 96.1 percent in October from 96.3 percent in September, but went up from 95.8 percent in October 2023.
This translates to 48.16 million employed Filipinos in October, lower than the 49.87 million in September, but up from 47.79 million in October 2023.
The underemployment rate also increased to 12.6 percent in October from 11.9 percent a month ago and 11.7 percent in October 2023.
This story is from the December 07, 2024 edition of The Philippine Star.
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This story is from the December 07, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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