Macroecon 30, PH low unemployment, high GDP growth

Yesterday the PH Statistics Authority (PSA) released the June 2024 labor force data, unemployment rate only 3.1%, wow. It's all-time low since the 80s.

Source: Trading Economics

Today, the PSA released the Q2 2024 GDP data, it's 6.3%, another wow.

Somehow the PH economy is doing good, except in inflation rate which remains high, 4.0% for July 2024.

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See also:
Macroecon 26, Trade, FDI and "strong" US$, April 23, 2024
Macroecon 28, Growth forecast 2024-2025, May 31, 2024

Macroecon 29, Vietnam's high growth, non-war mongering stance, June 29, 2024