UNEMPLOYMENT fell to its lowest in 19 years in 2024 and job quality also improved to its best showing over the same period, the Philippine Statistics Authority (PSA) reported on Thursday.
The country's jobless rate edged down to 3.1 percent — equivalent to 1.63 million Filipinos — in December, from 3.2 percent a month earlier, while underemployment, which counts those looking for more work or an extra job (5.48 million for the month), picked up to 10.9 percent from 10.8 percent.