Unemployment Rate 2024 Philippines

Unemployment Rate 2024 Philippines. Philippine statistics authority (psa) data showed the country’s unemployment rate slowed to 4.4 percent in august from the 4.8 percent in july 2023 and 5.3 percent in august 2022. The philippines started 2024 on a negative note as far as its unemployment and underemployment rates are concerned.

As of 2024, the country’s unemployment rate stands at 5.08%, reflecting both progress and persistent challenges in its labor market. Philippines youth unemployment rate for 2022 was 7.19%, a 1.3% decline from 2021.

Philippines’s Unemployment Rate Increased To 4.1 By 2.0% On June 2024 From 4.0 In The Previous Month.

On the other hand, underemployment rate went down to 9.9 percent from 11.7 percent in the period covered.

The Jobless Rate Edged Up To 4.1 Percent In May, Up Slightly From 4 Percent In April.

The philippine statistics authority has released the first unemployment and underemployment rates for 2024, along with a report on employment in different sectors.

Unemployment Rate 2024 Philippines Images References :

Last Week, The Philippine Statistics Authority (Psa) Released Two Important Monthly Reports, On The Country’s Unemployment Rate For December 2023, And The Inflation Rate For January 2024.

The number of unemployed filipinos decreased to 2.11 million from 2.17 million in may 2023.

Here Are The Key Highlights From The March 2024 Labor Force Survey:

However, the dlsu report said gdp growth is likely to be “below target until 2028.”.

2024