THE COUNTRY’s unemployment rate rose to 4.4% in December amid a sharp contraction in construction jobs, bringing the full-year average to a two-year high of 4.2%, data from the Philippine Statistics Authority (PSA) showed.
Preliminary data from the Labor Force Survey (LFS) showed the jobless rate in December was higher than the 3.1% posted in December 2024. However, this was unchanged at 4.4% from November.
The number of unemployed Filipinos increased to 2.26 million in December, higher than the 1.63 million logged in December 2024 and the previous month’s count of 2.25 million.
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