MANILA: The number of unemployed Filipinos rose to 2.5 million in May from 2.41 million a month earlier, the Philippine Statistics Authority (PSA) reported on Wednesday (July 8).
This is equivalent to a jobless rate of 4.8 per cent, slightly up from 4.7 per cent the previous month.
Still, other labour market indicators saw some improvement.
The number of employed Filipinos rose to 49.63 million from 48.9 million, though the rate slightly eased to 95.2 per cent from 95.3 per cent.
The labour force participation likewise increased to 52.13 million or 63.8 per cent from 51.3 million or 62.7 per cent.
Meanwhile, underemployment—or the number of Filipinos seeking additional work or longer working hours to increase their income—eased to 6.04 million or 12.2 per cent from 7.41 million and 15.2 per cent. - Philippine Daily Inquirer/ANN
