By Erika Mae P. Sinaking, Reporter
THE PHILIPPINES’ unemployment rate jumped to the highest in four years in July, as the labor force expanded faster than employment, leaving 3.14 million Filipinos without jobs.
The unemployment rate rose for a third straight month to 6.01% in July, from 5.3% a year earlier and 4.9% in June, the Philippine Statistics Authority (PSA) said on Tuesday.
The ranks of the unemployed rose by 550,000 in July from 2.59 million in the same month a year ago.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
