PHL unemployment rate drops anew in October

Written by M.R. Faith on

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The unemployment rate fell to a record low 5.6 % in October (Paywall), having been 6.5 % inb September.

Data from the Philippine Statistics Authority (PSA) showed, the umemployment rate in the Philippines continued to decline in October this year as more Filipinos found jobs amid the country’s strong economic growth.

But worryingly, exports fell 10.8 % year-on-year in October, versus expectations of a 3.3 % fall. (Eagle News Service)

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