Philippine unemployment rate falls to 4.7% in April

Inquirer

Philippine unemployment rate falls to 4.7% in April

MANILA, Philippines – The number of jobless Filipinos further eased to 2.41 million in April from 2.58 million in March, bucking expectations of a weaker labor market amid the energy crisis, the Philippine Statistics Authority (PSA) reported on Tuesday. This translated to an unemployment rate of 4.7 percent, down from 5 percent in March. It was the first time this year that the unemployment rate fell below the 5-percent mark. READ: Unemployment rate jumps to pandemic-era high of 5.8% However, underemployment — or the number of Filipinos seeking additional work or longer working hours to increase their income — rose to […]... Keep on reading: Philippine unemployment rate falls to 4.7% in April

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