In a statement, the TUCP said that while employment numbers remain high at 95.2% or 44.63 million, the labor group observed that unemployment increased to 4.8%, translating to 2.27 million, while stubborn double-digit underemployment ballooned to 15.9%, translating to 7.10 million.
“A heroic all-of-society response is needed not just to restore or create jobs but to enhance job quality,” he said. “The decreasing LFPR confirms the deepening problem of poor quality of jobs such that workers are already working double-time or even triple-time to survive while applicants are already growing frustrated in their job search, and instead focusing on household duties, going back to school, or worst, already becoming discouraged from the current offerings in the job market,” Corral said.
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