Philippines’ unemployment rate fell to 4.3% in May 2023 Unemployment rate in the Philippines fell to 4.3 percent in May 2023, its second lowest since April 2005, the Philippine Statistics Authority said Friday. read more:
Data from the PSA showed the country’s unemployment rate improved to 4.3 percent in May 2023 from 6.0 percent in the same month last year.
National Economic and Development Authority Secretary Arsenio Balisacan assured the public that the government would continue to push for and implement game-changing reforms to improve the country’s business investment climate, especially for foreign investors and help in sustaining current labor market gains.
Balisacan said establishing an enabling regulatory environment to improve the ease of doing business and encourage innovation remain as top priorities to attract investors who have the technology and resources to bring in high-quality jobs.
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