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]

Group 1 - The unemployment rate in the Philippines decreased to 3.9% in August, down 1.4 percentage points from July and 0.1 percentage points from the same month last year [1] - The labor force participation rate rose to 65.1% in August, higher than 60.7% in July and 64.8% a year ago, indicating increased activity in the labor market [1] - The number of unemployed individuals fell to 2.03 million in August, a decrease of 560,000 from the previous month and 40,000 from the same period last year [1] Group 2 - The services sector employed the most individuals, with 30.81 million jobs in August, accounting for 61.5% of total employment; agriculture and industry accounted for 20.4% and 18.1%, respectively [1] - Employment in agriculture, forestry, construction, and fisheries showed significant growth both year-on-year and month-on-month [1] - The underemployment rate improved to 10.7% in August, down from 14.8% in July and 11.2% a year ago, indicating better job quality [1] Group 3 - The youth unemployment rate for individuals aged 15 to 24 dropped to 11.7% in August, a decrease of 6.4 percentage points from July and lower than the 12.0% recorded last year [1]

Core Insights - The unemployment rate in the Philippines rose to 4.1% in April, marking the second consecutive month of increase, with the number of unemployed reaching 2.06 million [1] - The unemployment rates for February and March were 3.8% and 3.9%, respectively, indicating a month-over-month increase and a year-over-year rise of 0.1 percentage points [1] - The number of unemployed increased by 130,000 from March to April [1] Employment Sector Analysis - The services sector remains the largest employer in the Philippines, with 30.12 million jobs, accounting for 61.9% of total employment [1] - Agriculture and industry represent 20.6% and 17.5% of total employment, respectively [1] - From January to April, employment in agriculture, accommodation and food services, and transportation and warehousing saw a significant decline, while administrative and support services, construction, and fisheries experienced job growth [1] Employment Quality and Youth Participation - The underemployment rate in April rose to 14.6%, up from 13.4% in March, indicating that 7.09 million workers are seeking more hours or better job opportunities [1] - The labor force participation rate for the 15 to 24 age group increased from 29.4% to 31.8%, suggesting more youth are entering the labor market [1] - However, the unemployment rate for this age group also increased from 11.0% to 11.5%, reflecting heightened employment pressure among young individuals [1]