Inquirer
Philippine jobless rate eased to 3.7% in June
The Philippine jobless rate decreased to 3.7% in June, marking a six-month low and indicating an increase in employment opportunities.
This figure represents 1.95 million jobless Filipinos, a decrease from 2.03 million in May.
The Philippine Statistics Authority (PSA) attributed the month-on-month improvement to a reduction in discouraged workers.
Much of the employment growth came from the wholesale and retail trade sector, which added 908,000 jobs in June.
Economists suggest that easing inflation and borrowing costs likely encouraged businesses to hire more workers due to improving consumer demand.
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