Unemployment rate stays at 3-4% level

By Philippine News Agency

Apr 07, 2024 12:36 am

THE country's unemployment rate will likely continue to remain at the 4 percent level in the coming months, an economist said on Friday.

Rizal Commercial Banking Corp. chief economist Michael Ricafort said so far, economic indicators as well as better corporate sales and earnings 'still support decent employment data.' The Philippine Statistics Authority is scheduled to release the February 2024 labor force data next week.

JOB HUNT Jobseekers line up at employer booths at the SM Job Fair in SM Cherry Mall Antipolo on March 4, 2024. The country's unemployment level is likely to remain at the 4 percent level in the coming months, Rizal Commercial Banking Corp. chief economist Michael Ricafort said on Friday, April 5, 2024. PHOTO BY JOHN ORVEN VERDOTE

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