PH underemployment, unemployment rates down in November

PTVPhilippines

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Transcript

00:00A labor force survey conducted by the Philippine Statistics Authority, or PSA, showed that

00:05over 400,000 Filipinos have been removed from the list of underemployed individuals.

00:11This reduced underemployment rate to 10.8% in November, equivalent to 5.35 million Filipinos.

00:18The figure is lower compared to the 5.79 million recorded in November 2023.

00:25Also the number of unemployed Filipinos in the country decreased by more than 170,000,

00:30or 3.2%.

00:32Meanwhile employment rate rises to 96.8%, equivalent to 49.54 million employed Filipinos.

00:40The top major industries that have seen the largest increase in employment are manufacturing,

00:45accommodation and food service activities, human health and social work, transportation

00:50and storage, and other service activities.

00:54Transportation and storage is high here.

00:56We have a decrease in the number of underemployed, around 144,000.

01:02And the biggest contributor is passenger land transport.

01:07So that is also one of their contributors to the increase in the number of employed persons.

01:12So of course this is related to activities during the holidays.

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Transcript

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