PH unemployment rate drops to 3.7%
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NewsTranscript
00:00The Philippine Statistics Authority, or PSA, reported the country's unemployment rate went down by 3.7 percent in September.
00:07This is equivalent to 1.89 million unemployed individuals, a drop from 2.26 million in September 2023 and 2.7 million in August.
00:17Meanwhile, the employment rate rose to 96.3 percent, up from 95.5 percent in 2023.
00:24The labor force participation rate also jumped to 65.7 percent, up from 64.1 percent in September last year.