Philippine Unemployment Rate Rises to 4.8% in May
The number of unemployed Filipinos reached 2.50 million in May, with the unemployment rate climbing to 4.8%, according to the Philippine Statistics Authority. This marks an increase from the previous year, raising concerns about the pace of economic recovery.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Philippines Unemployment Ticks Up to 4.8% in May
The Philippines' unemployment rate rose to 4.8% in May, up from April and a year prior, with 2.5 million Filipinos jobless. Job losses in agriculture, particularly rice farming, were a key factor, though the services and construction sectors saw gains.
- Philippines Unemployment Rate Ticks Up to 4.8% in May
The Philippines saw a slight uptick in its unemployment rate to 4.8% in May, an increase from the previous month and year-on-year, according to the Philippine Statistics Authority (PSA). While underemployment improved, the data highlights a gap between job creation and the growing labor force.
- Philippines Pushes for 'Quality' Jobs Amid Rising Unemployment
Despite a rise in the unemployment rate, the Philippines saw a significant drop in underemployment, prompting the Department of Labor and Employment (DOLE) to emphasize a shift towards 'quality jobs.' The government vows to sustain reforms, citing labor market resilience amid global economic uncertainties.
- Philippine Unemployment Rate Rises to 4.8% in May, 2.5 Million Jobless
The number of unemployed Filipinos rose to 2.50 million in May, with the unemployment rate increasing to 4.8%, indicating a worsening job market compared to the same period last year.