rapplerdotcom
  • 4 days ago
More Filipinos feel their existing jobs are insufficient as the underemployment rate rises to 12.6% in October 2024.

Full story: https://www.rappler.com/business/unemployment-underemployment-rate-philippines-october-2024/
Transcript
00:00Even more Filipinos feel their jobs are insufficient, bringing the Philippines' underemployment
00:05rate to 12.6% in October 2024.
00:10Underemployment refers to employed individuals who want more work hours in their current
00:13job, a second job to augment their income, or a new job with longer work hours.
00:18The Philippine Statistics Authority reports Friday, December 6, the underemployment rate
00:22in October 2024 is equivalent to 6.08 million Filipinos.
00:27It is higher than the 12.1% or 5.78 million Filipinos in July 2024 and the 11.9% or 5.94
00:36million Filipinos in September 2024.
00:39The National Economic and Development Authority says the underemployed persons are primarily
00:43from the wholesale and retail trade, agriculture, and forestry sectors.
00:49Unemployment, meanwhile, is at 3.9% in October 2024, equivalent to 1.97 million Filipinos.
00:56Calabarzon has the highest unemployment rate, while the Cordillera Administrative Region
01:00posted the lowest rate.

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