Unemployment, underemployment drop in November 2024 amid holiday season

MANILA, Philippines – Unemployment and underemployment in the Philippines dropped in November 2024 as businesses geared up for the holiday season, the Philippine Statistics Authority (PSA) said on Wednesday, January 8.

The unemployment rate fell to 3.2% last November from 3.6% in the same month in 2023, which translated to 1.66 million jobless Filipinos.

The number of underemployed Filipinos also dropped to 5.35 million in November, with the underemployment rate falling to...