MANILA, Philippines — The country’s latest unemployment rate of 7.1 percent, the lowest since the COVID-19 pandemic hit the country, indicates that the economy is “gradually getting back on track,” the Department of Labor and Employment (DOLE) said on Thursday.
Results of the Labor Force Survey from the Philippine Statistics Authority reported that the country’s unemployment rate — 3.44 million unemployed in March — is lower than the 8.8 and 8.7 percent in February and January, respectively.
“With the unemployment rate at 7.1 percent, it is already the lowest recorded since the COVID-19 pandemic hit the country,” DOLE said in a statement.
“The signs are indeed encouragin…
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