INQUIRER FILE PHOTO

The number of unemployed Filipinos stood at 1.97 million in October, translating to a jobless rate of 3.9 percent, the Philippine Statistics Authority (PSA) reported on Friday.

This is lower than the 4.7% rate back in July, when 2.38 million individuals were unemployed last quarter.

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But 6.08 million people sought additional working hours and jobs to augment their income in October, equivalent to an underemployment rate of 12.6 percent.

This was higher than the 12.1 percent rate recorded in July, indicating a deterioration in job quality.

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