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Philippines’ October Jobless Rate Jumps to 5% - BusinessWorld Online
Labor force grew by 1.04 million but only 463,000 jobs were created, raising unemployment to 5% and underemployment to 12%, Philippine Statistics Authority reported.
Summary by bworldonline.com
6 Articles
6 Articles
Philippines’ October jobless rate jumps to 5% - BusinessWorld Online
The number of jobless Filipinos rose by about 570,000 to 2.54 million in October from a year earlier, even as overall employment increased by 460,000, the Philippine Statistics Authority (PSA) reported on Wednesday, underscoring persistent vulnerabilities in the labor market despite headline job gains. This brought the jobless rate to 5% from 3.8% in the previous month and 3.9% a year ago — close to the post-pandemic high posted in July, when u…
Coverage Details
Total News Sources6
Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
Factuality
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