The National Economic and Development Authority said the ranks of the unemployed also went down by over a million to 2.7 million in August from 3.9 million in the same month last year even as the labor force expanded in line with the growth of the population.
The underemployment rate remained at 14.7 percent, referring to employed individuals seeking additional hours of work. The agriculture sector, which accounted for 22.6 percent of total employment, shed around 265,000 jobs over the past 12 months on high fuel and fertilizer prices, African swine fever, bird flu and weather disturbances.
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