Underemployment drops to 10.1% in February
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NewsTranscript
00:00Fewer Filipinos are now looking for extra work as the underemployment rate dropped to 10.1% in February 2025,
00:09suggesting that more people are finally finding their footing with steady jobs.
00:14There has also been a noted increase in full-time and better quality employment,
00:18a welcome sign that the job market is gaining ground.
00:22However, the unemployment rate inched up slightly to 3.8%,
00:26mainly due to younger Filipinos entering the job market in search of opportunities.
00:32Despite the uptick, the number remains well within the government's target.
00:36NEDA Secretary Arsenio Barisakan says the government is doubling down on efforts
00:41to attract strategic investments that will open doors to quality employment.
00:47The government is also ramping up training programs and preparing to roll out the Trabajo para Sabayan plan,
00:53a long-term roadmap aimed at steering job creation efforts through 2034.