The Final Word: Unemployment Rate in the Philippines Decreases to 3.6% in November
In November, more Filipinos found employment, as reflected by the dip in the unemployment rate. Official government statistics reveal that the number of jobless Filipinos fell below two million, translating to a 3.6% unemployment rate. This rate marks the lowest since 2005. However, the underemployment rate, which represents workers seeking better-paying jobs or more work hours, remained constant at 11.7%. To shed further light on this situation, Jobstreet by Seek’s Managing Director, Dannah Majarocon, has been invited for discussions.