9 Hulio 2024, Martes
Register now and vote in midterm polls
Aspirants file your certificate of candidacy on October 1-8,2024
Substitute candidates must be with same surname and political party
Partylist must file Certificate of Nomination and Acceptance
No to Divorce!!!
Get well soon Nanay Angelita Santiago-Lopez
No to SOGIE bill
Best wishes Mr. and Mrs. Seth Elyon San Pedro
happy 10th Anniversary Binang City, Laguna Chapter Servants of God in Christ Jesus Christian Ministries Inc., Dr. Enrico San Pedro, Pastor
PM for any hospital discharge problem
2.11 M Fils jobless in May, rate narrows to 4.1%
By Nidz Godino
Philippine Statistics Authority (PSA) said Philippine unemployment rate in May edged lower to 4.1% or 2.11 million Filipinos from 4.3% or 2.11 million last year, suggesting modest improvement in job market.
Month-to-month data from PSA reveals some weakness, with unemployment rising by 65,000 persons from April to May 2024.
Employment figures show positive growth, with number of employed persons increasing by 605,000 year-over-year to 48.87 million in May 2024. This pushes employment rate up slightly to 95.9% from 95.7% in previous year.
Notable improvement was underemployment figure, saw substantial decrease. Underemployment rate fell from 11.7% in May 2023 to 9.9% in May 2024, representing reduction of 846,000 underemployed persons over the year.
This suggests more workers are finding adequate employment to meet their needs or adding desired work hours.
Labor force participation rate showed marginal decline, dropping from 65.3% (50.43 million) in May 2023 to 64.8% in May 2024 (50.97 million).
Despite this slight decrease in participation rate, overall labor force grew by 544,000 persons year-on-year, reaching 50.97 million in May 2024. April-May unemployment rate, suggests job creation is struggling to keep pace with growing workforce.
ISKUP! 