Unemployment now at lowest stage since begin of pandemic

The variety of unemployed Filipinos decreased to 2.6 million in July this 12 months from 2.76 million in April, in response to preliminary outcomes of the Philippine Statistics Authority’s (PSA) newest labor pressure survey.

This improved the unemployment fee to five.2 % from 5.7 % within the April survey.

Now at its lowest since 17.6 % in April 2020 on the onset of the pandemic, the unemployment fee was 7.2 % in July 2021. Again then, in comparison with July this 12 months, there have been 627,000 extra unsuccessful jobseekers.

For the newest survey, the PSA gathered knowledge throughout the nation for 20 days from July 8-30, excluding Sundays. These sorties coated a complete of 131,828 individuals of em…

Carry on studying: Unemployment now at lowest level since start of pandemic

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