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The number of unemployed Filipinos dropped to 1.62 million in June this year from 2.33 million in May, the Philippine Statistics Authority reported on Wednesday.The PSA said this translates to a 3.1% un employment rate in June 2024, lower than the 4.1% logged in May 2024 and 4.5% recorded in June last year."In terms of magnitude, the number of unemployed individuals in June 2024 was registered at 1.62 million," the PSA said. It added that the number is lower than 2.
33 million unemployed individuals recorded in June 2023 and 2.11 million logged in May 2024. Meanwhile, the country’s employment rate was posted at 96.9% in June 2024, higher than the employment rate estimated in June 2023 at 95.5% and in May 2024 at 95.9 percent. "In terms of level, the number of employed persons in June 2024 was recorded at 50.28 million," the PSA said. "This was higher than the number of employed persons of 48.84 million in June 2023 and 48.
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