Jobless rate improves in 2024

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The story "Jobless rate improves in 2024" was covered 10 hours ago by Business Mirror, a news publisher based in Philippines.

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Jobless rate improves in 2024 - Business Mirror

Quick Summary:

Despite the decrease in the number of Filipinos with jobs in December, the country’s unemployment and underemployment rates fell to a 20-year low, according to the Philippine Statistics Authority (PSA).

Similarly, the female LFPR dropped to 54.7 percent from 56.3 percent, as more women reported household responsibilities at 671,000 as a barrier to employment.

To align with workforce trends and industry demands, Neda said the government is promoting more inclusive work arrangements that meet the needs of individuals from diverse backgrounds, reducing barriers to labor force participation.