Tag: PSA
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Child labor number drop in 2024, sets new low
According data from the Philippine Statistics Authority, the number of working children aged 5 to 17 dropped to 863,000 in 2024 from 1.09 million in 2023 and 1.48 million in 2022. This marks a significant milestone in the country’s fight against child labor, bringing figures even lower than the pandemic-era low of 872,300 in 2020.
Rice prices ease in early May, supports slowing inflation trend
Rice prices continued to ease in early May, indicating a potential further slowdown in inflation after headline inflation decelerated in April to its slowest pace since November 2019.
Foreign investment pledges drop sharply in Q1
Foreign investment approvals plunged 82 percent in the first quarter to a total P27.99 billion compared to P155.26 billion in the same period last year, according to the Philippine Statistics Authority (PSA).
Philippines jobless rate tad higher at 3.9% in March
The Philippine labor market showed a slight increase in unemployment in March, with the jobless rate rising to 3.9 percent from 3.8 percent in February, according to the Philippine Statistics Authority (PSA).
Philippine agriculture expands 1.9% in 1Q
Philippine agriculture started the economy on a stronger footing in the first quarter, growing 1.9 percent, with better weather conditions and intensified government interventions helping the sector recover from a full-year contraction in 2024.
