THE impact of a steadily growing Philippine economy has been instrumental in bringing unemployment in the country down to its lowest level in perhaps 11 years, a Nomura research said.

Nomura Global Economics said in its “Asia Chart Alert – Philippines: Another sharp drop in the unemployment rate,” the unemployment rate “fell sharply to 5.4 percent in the three months to July from the 6.1 percent rate as of April.” The report was released on Tuesday.

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