BusinessWorld E-paper
July 9, 2024
THE PHILIPPINE jobless rate climbed to a four-month high in May while the quality of jobs improved to its best level since 2005, the Philippine Statistics Authority (PSA) reported on Monday.
Preliminary data from the PSA’s Labor Force Survey (LFS) showed the unemployment rate inched up to 4.1% from 4% in April, as the labor force expanded. However, it was lower than the 4.3% recorded in May last year.
