More Filipinos found jobs in October, but underemployment – or the condition in which highly skilled workers are employed at less than full-time or regular jobs, or at low-salaried jobs requiring less skills – has worsened, the latest Labor Force Survey (LFS) shows.
The employment rate in October rose to 95.3 percent from 94.4 percent a year earlier. Consequently, unemployment dropped to 4.7 percent during the month, from 5.6 percent in October 2015, according to LFS data released by the Philippine Statistics Authority (PSA) on Tuesday.
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