Philippine jobless rate jumps to 5% in October

MANILA, Philippines — Unemployment in the Philippines spiked in October, with 2.54 million Filipinos jobless, jumping from 1.96 million in September, the Philippine Statistics Authority (PSA) reported on Wednesday. This jacked up the jobless rate to 5 percent from 3.8 percent in the preceding month, putting it close to the post-pandemic-era high recorded in July, when