Jobless Filipinos up to 2 million in March 2024

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Unemployment Rate News

Labor Force Survey,Business And Industry

The number of unemployed Filipinos increased in March following the effects of the ongoing El Niño phenomenon and the African swine fever (ASF) on the agriculture sector.

The number of unemployed Filipinos increased in March following the effects of the ongoing El Niño phenomenon and the African swine fever on the agriculture sector, data released by the Philippine Statistics Authority on Wednesday showed.There were 2 million unemployed Filipinos in March, translating to an unemployment rate of 3.9%, based on the labor force of 51.15 million Filipinos aged 15 and above or a labor force participation rate of 65.3%, according to the PSA.

The biggest monthly declines were seen in agriculture and forestry which fell by 318,000; transportation and storage by 292,000; construction by 214,000; administrative and support service activities by 118,000; and human health and social work activities by 75,000.In a press briefing, National Statistician Claire Dennis Mapa attributed the declines to lower production as the country faced heightened levels of heat amid the ongoing El Niño.

Labor Force Survey Business And Industry

 

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