Underemployment rises to 6 million in the Philippines despite lower unemployment rate

In October 2024, the underemployment rate in the Philippines rose to 12.6%, affecting 6.08 million people. This is an increase from 12.1% in July and 11.9% in September 2024, indicating more workers seek additional hours or jobs. The unemployment rate decreased to 3.9%, down from 4.7% in July and 4.2% in October 2023. However, it is slightly higher than 3.7% in September 2024. The total employed population reached 48.16 million, reflecting a slight increase from previous months. Regional disparities exist, with Soccsksargen having the highest underemployment rate at 35.2%. Calabarzon reported the highest unemployment rate at 5.7%. The government aims to improve job quality and create more opportunities through infrastructure projects and workforce training.