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The April rate, however, is lower than the 4.5 percent in the same month of last year. This translates to about 2.04 million unemployed Filipinos, 40,000 more than the 2 million in March but lower than the 2.26 million in April of last year, reflecting a year-on-year drop of 220,000 unemployed individuals. Meanwhile, underemployment — which counts those looking for more work or an extra job — rose to 14.6 percent from 11.0 percent in March and in April 2023 of 12.9 percent. The number of underemployed is equivalent to 7.04 million. These are people "who have expressed the desire to have additional hours of work in their present job or to have additional jobs, or to have a new job with long hours of work." The PSA saw a downtick in the employment rate, which declined to 96.0 percent from 96.1 percent in March but higher than April 2023 at 95.5 percent. The number of individuals with jobs, however, reached 48.36 million, higher than last year's 48.06 million but lower than March's 49.15 million. The services sector continued to dominate the labor market in April in terms of the number of employed persons with a share of 61.4 percent. The country's Labor Force Participation Rate (LFPR) in April was registered at 64.1 percent, lower than March's 65.3 percent and April 2023's 65.1 percent.
Despite challenges, the labor market shows resilience. Let's continue fostering job creation and economic diversity! 
