Oil shock drives Philippine underemployment rate to near three-year high

Oil shock drives Philippine underemployment rate to near three-year high

The Philippine economy grew by 2.8 per cent in the first quarter of the year Read more at The Business Times.

Falling employment, rising underemployment confirm worsening joblessness

Latest Labor Force Survey (LFS) results for April 2026 show that the Philippine jobs situation has worsened since the onset of the oil price shock, with the economy struggling even more to create decent and sufficient-paying jobs as rising fuel costs push up prices of basic goods and services, research group IBON said. Comparing figures from before the unprovoked United States (US) attack on Iran in February with the latest April round, total em…