Live
- Chanchalguda Jail Officials Say They Haven't Received Bail Papers Yet, Allu Arjun May Stay in Jail Tonight
- BJP leaders present evidence of illegal voters in Delhi, urge EC for swift action
- Exams will not be cancelled: BPSC chairman
- Nagesh Trophy: Karnataka, T.N win in Group A; Bihar, Rajasthan triumph in Group B
- YS Jagan condemns the arrest of Allu Arjun
- Economic and digital corridors to maritime connectivity, India and Italy building vision for future, says Italian Ambassador
- SMAT 2024: Patidar's heroics guide Madhya Pradesh to final after 13 years
- CCPA issues notices to 17 entities for violating direct selling rules
- Mamata expresses satisfaction over speedy conviction in minor girl rape-murder case
- Transparent Survey Process for Indiramma Housing Scheme Directed by District Collector
Philippine unemployment rate rose slightly at 4.3% in Dec 2022
Philippine unemployment rate rose slightly at 4.3% in Dec 2022
The unemployment rate in the Philippines reached 4.3 per cent in December 2022, 0.1 percentage point higher than the performance in November but the second lowest since April 2005, new data revealed on Wednesday.
Manila: The unemployment rate in the Philippines reached 4.3 per cent in December 2022, 0.1 percentage point higher than the performance in November but the second lowest since April 2005, new data revealed on Wednesday.
According to the data from the Philippine Statistics Authority (PSA), the number of unemployed Filipinos rose to 2.22 million in December, reports Xinhua news agency.
Boosted by the full resumption of commercial activities, pent-up demand, and holiday spending, top employment contributors in December include wholesale and retail trade, other service activities, and accommodation and food service activities.
Addressing reporters here, PSA head Dennis Mapa said the unemployment rate has declined to the pre-pandemic levels since July 2022 after jumping to 17.6 per cent in April 2020 when the government had imposed lockdowns to curb the spread of Covid-19.
As the economy further reopened, the National Economic and Development Authority said the corresponding expansion in the services and industry sectors resulted in an additional 2.7 million employed persons year-on-year, bringing total employment to 49 million Filipinos.
