MANILA, Jan 6 (NNN-PNA) – The unemployment rate in the Philippines declined to 4.2 percent in Nov, compared to the previous month’s record of 4.5 percent, the Philippine Statistics Authority (PSA) said today.

PSA data showed 2.18 million Filipinos were out of work in Nov, lower than the 2.24 million recorded in Oct. PSA head, Dennis Mapa, said, the Nov unemployment rate was the lowest rate since Apr, 2005.

According to PSA, the employment rate rose to 95.8 percent, bringing the total employment for Nov to 49.71 million.

Socio-economic Planning Secretary, Arsenio Balisacan, said that, the strong labour market signifies the steady recovery of the Philippine economy.

“We see a more dynamic labour market, as flexible work arrangements and digitalisation provide easier access to employment opportunities for Filipinos, who also attend to other essential tasks, such as, parenting and pursuing higher education, among others,” he added.

Source: Nam News Network