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.
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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.
- 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.