MANILA, March 6 (Xinhua) -- The Philippines' unemployment rate in January rose to 4.3 percent, up from 3.1 percent in December 2024, the Philippine Statistics Authority (PSA) said Thursday.

PSA Assistant Secretary Divina Gracia Del Prado told a news conference that an estimated 2.16 million Filipinos were out of work in January, higher than the 1.63 million in December last year.

"(The government's) strategy remains clear: to sustain job creation by fostering a dynamic and investment-friendly economy while preparing our workforce for high-growth and emerging industries that offer high-quality, well-paying jobs," National Economic and Development Authority Secretary Arsenio Balisacan said.

PSA data showed that unemployment rate in 2024 was 3.8 percent, or 1.94 million Filipinos, the lowest since 2005. Enditem

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