Jobless Pinoys increase to 2.04 million; employment drops by 96%

Jobseekers queue for an interview at the job fair organized by the local government inside a mall in Marikina City as part of their observance of Labor Day on May 1, 2024.MANILA, Philippines — The number of jobless Filipinos has once again surged in April 2024, registering a 4.0% unemployment rate, the Philippine Statistics Authority reported on Thursday.

The underemployment rate for April 2024 increased to 14.6%, compared to 11% in March 2024 and 12.9% in April 2023. According to Mapa, the following sectors had the largest increase in employment on a quarter-to-quarter basis:Construction The labor force participation rate for individuals aged 15 and above stood at 64.1% or 50.40 million Filipinos, slightly lower than 50.15 million in March 2024 but higher than 50.31 million in April 2023.

San Miguel Food and Beverage Inc. is out to further reinforce its dominance in the beer and spirits markets this year

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