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Jobless rate eases to 3.9% in August
The unemployment rate in the Philippines decreased to 3.9% in August, down from 5.3% in July and 4% in August 2024, according to the Philippine Statistics Authority (PSA).
The number of jobless Filipinos fell to 2.03 million in August from 2.59 million in July and 2.07 million a year earlier.
PSA Undersecretary and National Statistician Claire Dennis S. Mapa attributed the improvement to the recovery of jobs lost in July due to typhoons, particularly in the agriculture, retail trade, and construction sectors.
He stated that the job losses in July were temporary and the displaced workers have since returned to their jobs.
The agriculture and forestry sector alone gained 1.35 million jobs in August from July, bringing its total workforce to 8.73 million.
The Presidential Palace linked the improved labor force survey results to the government's ongoing job generation initiatives.
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