XINHUA – Unemployment rate in the Philippines fell to four per cent in August from 4.7 per cent in July, the Philippine Statistics Authority (PSA) said yesterday.
PSA head Dennis Mapa said at a press conference that an estimated 2.07 million Filipinos were out of work in August this year, lower than the 2.38 million in July this year and the 2.22 million in August 2023.
Mapa attributed the lower number of unemployed people in August to a rise in women’s employment in the service sector.
National Economic and Development Authority Secretary Arsenio Balisacan said Filipinos “are in for a potentially better holiday season as the latest labour survey showed promising labour market results.”
Balisacan said that fast-tracking the implementation of key infrastructure projects, particularly in energy, logistics and physical and digital connectivity, is critical to attracting investments in higher-value-added sectors, such as manufacturing and agribusiness, and raising labour productivity.
