Unemployment rate eased to 5% in March

MANILA, Philippines — Philippine unemployment slightly diminished to 5 percent in March from 5.1 percent in February, despite mounting pressures from the Middle East war, the Philippine Statistics Authority reported on Wednesday. The jobless rate in March represented 2.58 million Filipinos looking for work, down from 2.66 million in February. READ: Unemployment rate jumps to pandemic-era high of 5.8% The decline in unemployment came alongside a smaller labor force, which decreased to 51.65 million or a participation rate of 63.3 percent. In February, this was 52.09 million Filipinos or 63.8 percent of the working-age population. Based on headcount, employment likewise eased [...]... Keep on reading: Unemployment rate eased to 5% in March
2026-05-06 01:45:52