Jobless rate in the Philippines eased to 5.1% in February

MANILA, Philippines – Unemployment in the Philippines eased in February to 5.1 percent, falling from the previous month’s pandemic-era high of 5.8 percent, the Philippine Statistics Authority (PSA) reported on Wednesday. This translated to about 2.66 million jobless Filipinos, fewer than the 2.96 million recorded in January. READ: unemployment-rate-jumps-to-pandemic-era-high-of-5-8 The drop in unemployment came as more Filipinos entered the labor force, with the participation rate rising to 63.8 percent, or 52.09 million, from 62.3 percent, or 50.89 million, in the previous month. Employment also improved slightly after its rate inched up to 94.9 percent, equivalent to about 49.43 million Filipinos, […]... Keep on reading: Jobless rate in the Philippines eased to 5.1% in February

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