The unemployment rate in the Philippines fell in September to a new low since the start of the coronavirus pandemic, with the country recovering as its domestic economy reopens.
The unemployment rate decreased to 5% in September from 5.3% in august.
Previously, GDP had grown by 7.4% in the second quarter. This puts average growth in the first half of the year at 7.8% and above the government’s growth target for 2022 of 6.5-7.5%. GDP data for the third quarter will be published on November 10.