In a press briefing, National Statistician Dennis Mapa said the PSA’s Labor Force Survey showed the number of unemployed people rose to two million in March from 1.8 million in February.MANILA, Philippines — Heavily impacted by the El Niño phenomenon, certain sectors of the economy shed more jobs in March, causing the country’s unemployment rate to climb to 3.9 percent from 3.5 percent in February, according to the Philippine Statistics Authority .
PSA data also showed the underemployment rate decreased to 11 percent in March from the previous month’s 12.4 percent and 11.2 percent in March 2023. He said the Inter-Agency Investment Promotion Coordination Committee, which was established following the amendment of the Foreign Investment Act, is leading the formulation of the medium- and long-term Foreign Investment Promotion and Marketing Plan targeted to be completed by June 30.
He said the NEDA continues to push for the passage of the Apprenticeship Bill, Lifelong Learning Bill and the Enterprise Productivity Act to develop workers’ soft and hard skills and enable them to become agile. The rate of increase in the average prices of consumer goods and services typically purchased by Filipinos rose slightly to...Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this...