Group 1 - The unemployment rate in the Philippines for March is reported at 3.9%, a slight increase of 0.1 percentage points compared to the previous month [1] - The labor force participation rate decreased to 62.9%, down 2.4 percentage points year-on-year and lower than 64.5% in February [1] - The total labor force dropped to 49.96 million from 51.15 million a year ago and 51.09 million in February, indicating a weakening labor market [1] Group 2 - The employed population in March decreased to 48.02 million, lower than 49.15 million in both the previous year and February [1] - The number of unemployed individuals in March was 1.93 million, a decrease of 70,000 from the previous year and slightly lower than 1.94 million in February [1] - The services sector accounted for the majority of employment, with 29.77 million jobs, representing 62.0% of total employment [1] Group 3 - The underemployment rate rose to 13.4% in March, up from 11.0% a year ago and 10.1% in February, indicating that 6.44 million workers are seeking more hours or better job opportunities [2] - The labor force participation rate for the 15 to 24 age group fell to 29.4% from 33.3% a year ago, while the unemployment rate for this group increased from 8.7% to 11.0%, highlighting increased pressure on youth employment [2]
菲律宾3月失业率微升 劳动参与率下滑
Zhong Guo Xin Wen Wang·2025-05-07 07:24