The multilateral lender is helping the Philippines, through the Post-COVID-19 Business and Employment Recovery Program, in creating a more liberalized business and investment environment to encourage the private sector to grow and create more jobs.
And while the unemployment rate declined to 4.2 percent in November 2022 from 6.5 percent a year earlier, employment in private establishments remains lower than prepandemic levels.
Source: News Formal (newsformal.com)
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