Jobless rate eases in October, but quality of work worsens

Traffic building up on Marcos Highway on Monday morning, Aug. 2, 2021 as new police-manned quarantine control points are set up on boundaries around Metro Manila.

The STAR / Walter Bollozos

Ian Nicolas Cigaral - Philstar.com

MANILA, Philippines — There were fewer jobless Filipinos recorded in October, thanks to looser pandemic restrictions that have allowed people to find work. However, the quality of available jobs deteriorated in the face of hard economic times and high inflation.

A survey of 43,181 households in the country showed there were 3.50 million people who were either unemployed or out of business in October, translating to a jobless rate of 7.4%, the Philippine Statistics Authority reported Tuesday.

That was lower compared to 4.25 million jobless Filipinos recorded in September, which yielded an unemployment rate of 8.9%. But on a quarter-on-quarter basis, the October jobless rate was worse than 6.9% rate chalked up in July.

Full story: https://www.philstar.com/business/2021/12/07/2146314/jobless-rate-eases-october-quality-work-worsens