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National statistician Claire Dennis Mapa announces that unemployment rate eased to 3.1 percent in June 2024.The unemployment rate in the Philippines fell to 3.1 percent in June 2024 from 4.1 percent a year ago, the Philippine Statistics Authority said Wednesday.“In terms of magnitude, the number of unemployed individuals in June 2024 was registered at 1.62 million. This was lower than the number of unemployed individuals in June 2023 at 2.33 million and in May 2024 at 2.
“In terms of magnitude, 6.08 million of the 50.28 million employed individuals in June 2024 expressed the desire to have additional hours of work in their present job or to have additional job, or to have a new job with longer hours of work,” the PSA said. The top five sub-sectors in terms of annual increase in the number of employed persons in June 2024 were Construction with 938,000; wholesale and retail trade; repair of motor vehicles and motorcycles, 527,000; accommodation and food service activities, 396,000; manufacturing, 353,000; and transportation and storage, 323,000.
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