Tag: unemployment rate drop

Unemployment rate drops to new record low in 10 Years

The country’s labor market continued to record positive gains in October 2015 as unemployment rate fell to its lowest in a decade and both employment and underemployment figures further improved, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported today that the country’s unemployment rate dropped further to 5.7 percent in October 2015 from 6.0 percent in the same month last year, making it the new lowest unemployment rate recorded […]