IBON said that labor force figures from January 2023 to January 2024 reveal that there is a substantial number of jobless Filipinos dropping out of the labor force due to poor work prospects. The number of employed persons fell by a huge 1.4 million to 45.9 million from 47.4 million. The labor force contracted by 1.6 million to 48.1 million, while those classified as not in the labor force increased by a whopping 3.2 million to 30.6 million. This is despite the number of working age Filipinos or population 15 years old and above growing by 1.6 million to 78.7 million.
1.4M jobs loss stresses need to strengthen local agri, Filipino industries – IBON
1.4M jobs loss stresses need to strengthen local agri, Filipino industries – IBON
March 9, 2024
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