In August 2024, the Philippines' unemployment rate decreased to 4% from 4.7% in July, with the employment rate rising to 96%.

In August 2024, the Philippines' unemployment rate fell to 4%, down from 4.7% in July, with approximately 2.07 million people unemployed. The employment rate rose to 96%, with significant gains in the wholesale and retail sectors. Increased female workforce participation contributed to this decline. Government officials anticipate a better holiday season and stress the need for strategic investments and infrastructure development to sustain long-term economic growth.

October 08, 2024
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