Unemployment Rate 2024 Philippines Update

Unemployment Rate 2024 Philippines Update. Canada’s economic conditions were challenged by high inflation and borrowing costs. The construction industry in philippines is expected to grow by 8.4% to reach php 1.94 trillion in 2024.

Imf said the country’s unemployment rate is expected to average 4.7 percent this year, which will rise to 5.1 percent next year. The psa said this translates to a 3.1% unemployment rate in june 2024, lower than the 4.1% logged in may 2024 and 4.5% recorded in june last year.