Philippine Jobless rate rises to 4.9% in June

WIRE — Philippine joblessness worsened in June, signaling weaker labor-market conditions that could weigh on household spending and complicate the government's efforts to sustain economic growth. The unemployment rate rose to 4.9% from 3.7% a year earlier, with 2.59 million Filipinos out of work, the Philippine Statistics Authority reported on Thursday. The jobless rate was also up

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