菲律宾失业率连续两个月回落

Core Insights - The unemployment rate in the Philippines decreased to 3.8% in September, marking a 0.1 percentage point decline from August, and representing the second consecutive month of decline [1] - The number of unemployed individuals fell to 1.96 million, a reduction of 70,000 from August [1] - The labor force participation rate dropped to 64.5%, down from 65.1% in August and 65.7% year-on-year, indicating a weakening in labor market activity [1] Employment Sector Analysis - The services sector remains the largest employer in the Philippines, with 30.4 million jobs, accounting for 61.3% of total employment [1] - Agriculture and industry represent 20.9% and 17.8% of total employment, respectively [1] - Notable year-on-year employment growth was observed in construction, fisheries, aquaculture, and accommodation and food services [1] - Month-on-month, significant employment increases were seen in education, agriculture and forestry, as well as mining and quarrying [1] Employment Quality - The underemployment rate in the Philippines rose to 11.1% in September, an increase of 0.4 percentage points from August, indicating that workers are seeking more hours or better job opportunities [1] - The youth unemployment rate for individuals aged 15 to 24 slightly decreased to 11.6%, down 0.1 percentage points from August, suggesting continued improvement in employment conditions for the youth demographic [2]