Philippines' jobless rate rises to 5.3 pct in July

The Philippines' unemployment rate increased to 5.3 percent in July from 3.7 percent in June, the Philippine Statistics Authority (PSA) said on Wednesday.

 

PSA Chief Dennis Mapa said at a press conference that an estimated 2.59 million Filipinos were out of work in July, higher than the number of unemployed individuals in July last year at 2.38 million.

 

In July 2024, the unemployment rate was 4.7 percent, the PSA said.

 

Xinhua