Jobless rate rises to 3.9%

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(UPDATE) BAD weather led to a worsening of the labor market situation in October, the Philippine Statistics Authority reported on Friday, with unemployment picking up from a month earlier.

The country’s jobless rate rose to 3.9 percent from 3.7 percent in September, but remained lower than the 4.2 percent recorded a year earlier. This was equivalent to 1.97 million unemployed Filipinos, 80,000 more than the 1.89 million in September.

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