MANILA, Philippines - The Palace on Friday said it continues to address underemployment even as the unemployment rate has gone down.
Presidential spokesman Edwin Lacierda said reforms in education have been implemented to prevent mismatch in jobs.
"We are improving the kind of education necessary to ensure that we lower underemployment. Underemployment means you’re employed but hindi ‘yan ‘yung based on your skills. Remember those were problems that we had that’s why the President early on said we should have an education that will match the jobs,” Lacierda said.
The unemployment rate dropped to 6 percent in October, representing an estimated 2.5 million jobless Filipinos, slightly down from 2.6 million a year earlier using data adjusted to exclude Leyte province.
However, the underemployment rate reached its highest level in over a year at 18.7 percent. There were 7.3 million underemployed in October, more than the 6.8 million in October last year.
Underemployment refers to those who already have jobs but are looking for more work.
Nearly 60 percent of the underemployed worked for less than 40 hours a week. Most of the underemployed worked in the services and agriculture sectors.