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(Eagle News)–Unemployment rate in the Philippines slightly rose to 4% in April, according to Philippine Statistics Authority data. The unemployment rate the month before was pegged at 3.9%. According to the PSA, the April rate translates to 2.04 million unemployed individuals. The employment rate was pegged at 96% or 48.36 million employed persons. By broad industry group, the services sector remained the top sector in terms of the number of employed persons, with a share […]
(Eagle News)–The country’s unemployment rate rose to 3.9 percent in March, the Philippine Statistics Authority said on Wednesday, May 8. Based on PSA data, this is a 0.4 increase from the 3.5 percent unemployment rate registered the month before March, and translates to two million unemployed people aged 15 and above. The employment rate in March was recorded at 96.1 percent, lower than the 96.5 percent recorded in February. The underemployment rate, meanwhile, was at […]
NEDA says rate is lowest recorded in nearly two decades (Eagle News)–The Philippines registered an unemployment rate of 3.1 percent in December 2023. According to the National Economic Development Authority, this represents a year-on-year decrease of 617,000 unemployed individuals, with its “significant” decrease from the 4.3 percent unemployment rate recorded in December 2022. NEDA said this is also the lowest unemployment rate recorded in nearly two decades. Citing Philippine Statistics Authority data, the underemployment rate, […]
(Eagle News) — Unemployment rate in the country went down to 4.5 percent in October, the lowest since 2005, the Philippine Statistics Authority reported on Thursday, Dec. 5. The PSA said this was also a decrease from the 5.1 percent in October last year. Among the regions, Zamboanga Peninsula (1.9%), Cordillera Administrative Region (2.8%), Ilocos Region (3.5%), Northern Mindanao (3.5%) and MIMAROPA Region (3.7%) had the lowest unemployment rates, the PSA said. Based on the […]
