Inflation rose for a fifth straight month to 6.4 percent in July, the highest since the rice crisis of 2018. 570,000 Filipinos joined the labor market for the month of June alone. 65 percent of respondents said they looked for regular jobs because they wanted more earnings to help them cope with rising prices. Despite bigger number of Filipinos looking for work, the available jobs from sectors that were reopened following the easing of quarantine restrictions were taking a hit from high prices. The unemployment rate remained at 6 percent, similar to that posted in May, but the number of jobless Filipinos rose to 2 million from 2 million a month ago, bigger by 62,000. Inflation, a measure of the average increase in prices of basic goods . . .
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