The May unemployment rate was the second lowest since April 2005, following the 4.2 percent unemployment rate in November 2022, PSA head Dennis Mapa told a news conference.
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said the government will continue to push for and implement "game-changing reforms" to improve the Southeast Asian country's business investment climate, especially for foreign investors, and help sustain current market gains.
"To achieve our near and medium-term targets, it is important that the government remains committed to fostering a favorable investment climate to address critical constraints to high-quality job creation," Balisacan added.
Latest comments