Labor market softens after holiday surgeFrom AB Capital's The Opening Bell: Three MovesEventThe unemployment rate rose to 5.8% in January 2026, the highest in over three years. Job losses were concentrated in agriculture and retail, partly reflecting seasonal normalization after December’s holiday hiring. The divergence between job losses in agriculture and gains in manufacturing and services suggests uneven labor demand across sectors. Defensive sectors with stable demand may offer relatively steadier earnings visibility in this environment. It is not to be construed as an offer or solicitation of an offer to sell or buy the securities herein mentioned.

Source: Philippine Star March 16, 2026 03:28 UTC