BusinessWorld E-paper
May 9, 2024
THE PHILIPPINE jobless rate jumped to a two month high in March as inflation and an El Niño induced dry spell limited economic output, according to the local statistics agency.
The national unemployment rate rose to 3.9%, equivalent to two million jobless Filipinos, the Philippine Statistics Authority (PSA) said in a report. The rate was 3.5% in February or 1.8 million jobless people, and 4.7% or 2.42 million a year earlier.
