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Philippines’ unemployment rate posts 18-year low at 4.2 pct in October

december 07, 2023by Reacties uitgeschakeld voor Philippines’ unemployment rate posts 18-year low at 4.2 pct in October

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MANILA, Dec. 7 (Xinhua) — The unemployment rate in the Philippines decreased to 4.2 percent in October from 4.5 percent in September, the lowest since April 2005, the Philippine Statistics Authority (PSA) said Thursday.

PSA head Dennis Mapa said about 2.09 million people were jobless in October. “This was lower than the reported number of unemployed persons in October 2022 of 2.24 million and in July 2023 of 2.

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