National Statistics Office (NSO) reported that about 7,6 percent or 2.9 million Filipinos are jobless.
Unemployment in the Philippines jumped more sharply than expected in July to 7.6 percent, with 2.9 million people out of work, government issued last September 15.
Employment rate in the country increases from 7.5 percent in April to 7.6 percent in July. The government did not elaborate more about the facts yet analysts predict that it is due to the weak economy that the country experienced the past months.
Underemployed adults or those who were working fewer than 40 hours a week fell to 7 million in July, resulting in an underemployment rate of 19.8 percent higher than 1.1 percent in April with 18.9 percent.
Contrary to the previous report, Secretary Domingo Panganiban of the national Anti-Poverty Commission said that more than 300,000 Filipinos have been given jobs through the Comprehensive Livelihood and Emergency Employment Program (CLEEP) launched by the government October last year.
He added that under the CLEEP program, about 153,887 new jobs or 60.69 percent of the targeted 253,550 jobs for 304,933 individuals or 66.25 percent of the targeted 460,280 individuals nationwide.
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