PHL July Jobless Rate Worst in over 4 Years - BusinessWorld Online

PHL July jobless rate worst in over 4 years - BusinessWorld Online

The Philippines’ unemployment rate rose to 6% in July, the highest level since June 2022, as the labor force expanded faster than employment, leaving 3.14 million Filipinos without jobs. The unemployment rate increased from 5.3% a year earlier and 4.9% in June, while the number of unemployed rose by 550,000 from 2.59 million in July […]

Jobless rate rises to 4-year high of 6% in July

MANILA, Philippines — The country’s unemployment rate surged to a four-year high of 6 percent in July from 4.9 percent in June, the Philippine Statistics Authority (PSA) said on Tuesday. This was the highest unemployment rate since June 2022, when it stood at 6.03 percent. READ: Survey: Gen Zs least happy among PH workers The

PH unemployment rate climbs to 6%

MANILA, Philippines — The number of unemployed Filipinos surged in July, the Philippine Statistics Authority said on Tuesday.Data showed that unemployment rose to 6.0 percent from 4.9 percent in June. It is also higher than the 5.3 percent recorded a year earlier.About 3.14 million jobless Filipinos were recorded in July, higher than the number of unemployed individuals in July last year at 2.59 million.Underemployment, meanwhile, recorded an up…