MANILA, Philippines – The Philippines’ unemployment rate edged higher in May, although the broader labor market continued to show signs of resilience despite lingering pressures from the Middle East war.
Latest data from the Philippine Statistics Authority (PSA) showed that the number of unemployed Filipinos rose to 2.5 million in May from 2.41 million in April.
READ: Unemployment falls below 5 percent in April
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This translated to an unemployment rate of 4.8 percent, slightly higher than April’s 4.7 percent. On a year-on-year basis, the figure was also higher than the 3.9 percent recorded in May last year.FEATURED STORIES
