The latest employment data released by the Philippine Statistics Authority (PSA) presents a mixed bag of results, reflecting both progress and ongoing challenges in the labor market.
The latest employment data released by the Philippine Statistics Authority presents a mixed bag of results, reflecting both progress and ongoing challenges in the labor market. While the decrease in the number of job seekers is encouraging, the rise in underemployment raises pressing questions about the quality of jobs available to our workers.In October 2024, the number of Filipinos actively looking for work fell to 1.97 million, a welcome decline from previous months.
The sectors most affected by underemployment—wholesale and retail trade, agriculture, and construction—highlight a critical issue: a significant portion of the workforce is engaged in low-paying, unstable jobs. The increase in invisible underemployment, particularly in these sectors, points to a mismatch between available jobs and the aspirations of the workforce.
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