MANILA (XINHUA) – The Philippines’ unemployment rate increased to 4.5 per cent in January from 3.1 per cent in December last year, the Philippine Statistics Authority (PSA) said yesterday.
PSA head Dennis Mapa told a press conference that there were 2.15 million jobless Filipinos in January. “This was lower than the reported number of unemployed persons in January 2023 of 2.38 million,” Mapa said. The jobless rate was 4.8 per cent in January 2023.
National Economic and Development Authority Secretary Arsenio Balisacan said the government has sustained its push to attract more job-generating investments by creating an enabling policy and regulatory environment.
Balisacan added that the government will strengthen linkages between industry, academe, and the public sector to address skill mismatches in the labour market.
