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Unemployed down, employed up in February —PSA

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Unemployed News

Employment Numbers,PSA,Claire Dennis Mapa

The number of unemployed Filipinos decreased as employment numbers go up in February

The number of unemployed Filipinos decreased as employment numbers went up in February on the back of increased demand for labor due to the opening of classes and the beginning of the harvest season.At a press briefing, Philippine Statistics Authority chief and National Statistician Claire Dennis Mapa said the number of jobless persons, ages 15 and above, declined to 1.80 million in February from 2.15 million in January.

This is the lowest number of unemployed individuals since December 2023 when jobless adults stood at 1.60 million.Year-on-year, the number of unemployed in February this year was also lower compared to the 2.47 million jobless in February 2023.As a percentage of the total 50.75 million people in the labor force who are actively looking for work, the unemployment rate stood at 3.5%, down from 4.5% in January.Relatedly, the number of employed individuals increased to 48.95 million from 45.

Employment Numbers PSA Claire Dennis Mapa

 

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