Ga onbeperkt met Magzter GOLD

Ga onbeperkt met Magzter GOLD

Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts

$149.99
 
$74.99/Jaar

Poging GOUD - Vrij

Jobless rate hits 3-year high in July

Business World Philippines

|

September 11, 2025

THE PHILIPPINES’ unemployment rate rose to a three-year high of 5.3% in July as a series of typhoons and monsoon rains dented hiring activity, the statistics agency said on Wednesday.

- By Chloe Mari A. Hufana Reporter

The number of jobless Filipinos increased to 2.59 million in July from 2.38 million a year prior and 1.95 million in June, preliminary data from the Philippine Statistics Authority's (PSA) labor force survey showed.

The 5.3% unemployment rate was the highest in three years or since the 6% in June 2022, which had reflected the impact of the pandemic lockdowns. It also matched the jobless rate seen in August 2022.

The July rate was also higher than the 4.7% recorded in the same month in 2024 and the 3.7% in June 2025.

On average, the jobless rate for 2025 thus far is at 4.1%, a tad higher compared to the 4% in the comparable year-ago period.

National Statistician Claire Dennis S. Mapa said the jobless rate went up in July due to the impact of four typhoons and the southwest monsoon on the agricultural sector.

The Philippines experiences more tropical cyclones than any other region in the world, averaging about 20 each year. Typhoon activity is most intense from July to October, when nearly 70% of all cyclones develop, according to the country’s official weather bureau.

The agricultural sector (skilled agricultural, forestry, and fishery workers) lost 974,000 jobs year on year. In terms of major industries, the agriculture and forestry sectors lost 1.38 million.

"The agriculture sector is the contributor to the spike in unemployment due to the adverse weather conditions and multiple tropical depressions last July.

I cannot predict if this is just a one-time occurrence as there are still projections of weather disturbances this year," Labor Secretary Bienvenido E. Laguesma told Business World via Viber.

MEER VERHALEN VAN Business World Philippines

Business World Philippines

Business World Philippines

S&P affirms 'BBB+' rating for Philippines

S&P GLOBAL RATINGS on Thursday affirmed the Philippines' investment grade credit rating with a \"positive\" outlook, noting that its growth prospects remain strong even as the corruption scandal weighs on the economy this year.

time to read

3 mins

November 28, 2025

Business World Philippines

Bulacan contractors tied to 'ghost' projects face tax evasion raps — BIR

THE BUREAU of Internal Revenue (BIR) has filed tax evasion complaints against two Bulacan-based contractors allegedly involved in “ghost” flood control projects.

time to read

1 mins

November 28, 2025

Business World Philippines

Business World Philippines

PHL, France spotlight co-productions, animation, feminist films as French Film Fest returns for 28th year

ANIMATED and feminist films are being screened until Nov. 30, as part of this year’s French Film Festival which is now in its 28th year.

time to read

3 mins

November 28, 2025

Business World Philippines

Business World Philippines

Business groups call for mandatory lifestyle checks on all gov't officials

SOME TOP business groups on Thursday called for the public submission of statements of assets, liabilities, and net worth (SALN) by all government officials, as well as mandatory lifestyle checks to enforce accountability.

time to read

3 mins

November 28, 2025

Business World Philippines

PHL jumps to 75th in talent competitiveness index

THE PHILIPPINES jumped nine spots in an annual ranking of countries' ability to attract and retain talent, according to a report by business school Institut Européen d'Administration des Affaires (INSEAD) and the Portulans Institute.

time to read

3 mins

November 28, 2025

Business World Philippines

James picks his spots

The latest meeting between the Lakers and Clippers functioned both as spectacle and as affirmation of the pecking order. The final score in favor of the purple and gold comes off as a whipping on surface, punctuated by scoring bursts from marquee names. At the same time, clarity lies beyond the numbers: Roles, rhythms and resolve have clearly coalesced for the winners and unravelled for the vanquished.

time to read

1 mins

November 28, 2025

Business World Philippines

Extended Beatles Anthology takes fans beyond the mythology of the band

A new episode of the Beatles Anthology, 30 years after the original landmark series, shows the impact on Paul McCartney, George Harrison, and Ringo Starr of being in the biggest rock band in history, its writer and director said.

time to read

1 min

November 28, 2025

Business World Philippines

Chinese sportswear maker Anta Sports Products exploring bid for Puma

CHINESE sportswear maker Anta Sports Products is among firms exploring a potential takeover of German sportswear brand Puma, Bloomberg News reported on Thursday.

time to read

1 min

November 28, 2025

Business World Philippines

Not too scary, but a solid first effort

KMJS' GABI NG LAGIM THE MOVIE

time to read

3 mins

November 28, 2025

Business World Philippines

Business World Philippines

More than half of new articles on the internet are being written by AI – is human writing headed for extinction?

The line between human and machine authorship is blurring, particularly as it’s become increasingly difficult to tell whether something was written by a person or AI.

time to read

4 mins

November 28, 2025

Listen

Translate

Share

-
+

Change font size