May unemployment rate slightly rises
The unemployment rate rose slightly to 4.1 percent in May from four percent in April, the Philippine Statistics Authority (PSA) said.
This translates to 2.11 million jobless Filipinos in May and 2.04 million in April. In the same month last year, the unemployment rate was 4.3 percent or 2.17 million.
The employment rate in May was 95.9 percent or 48.87 million, higher than 96.0 percent in April or 48.36 million, and 95.7 percent in May 2023 or 48.26 million.
Subsectors that saw the highest growth were construction (745,000), administrative and support service activities (371,000); and manufacturing (347,000).
NEDA Secretary Arsenio Balisacan said the government's ''massive infrastructure drive and the implementation of the Pambasang Pabahay Para sa Pilipino program have led to a rise in construction workers and materials, resulting in a significant increase in job opportunities in these sectors. '' Jaspearl Tan/DMS
