Improving economy: A man delivering ice blocks in Manila. The government is working on strengthening linkages to address skill mismatches in the labour market. — Reuters
MANILA: The number of jobless Filipinos went down in February to 1.8 million, from 2.15 million in January, according to the Philippine Statistics Authority which released a report yesterday.
That brought the country’s unemployment rate to 3.5% compared with 4.5% in the preceding month.
At the same time, 6.08 million Filipinos were underemployed in February, representing those who sought additional jobs or working hours to augment their income.
That was lower than the 6.39 million underemployed persons in January.That translated to an underemployment rate of 12.4% in February against the 13.9% in January.
The National Economic and Development Authority earlier said the government was working on strengthening linkages among industry, the academe, and the public sector to address skill mismatches in the labour market. — Philippine Daily Inquirer/ANN
