Manila, March 27 -- The country's unemployment rate could further improve to around 3 percent as of end-February this year, an economist said Thursday.

"Philippine unemployment rate as of February 2025 could ease/improve to a range of 3.3 to 3.8 percent amid better weather conditions so far in early 2025 that could improve employment in agriculture and many other industries," Rizal Commercial Banking Corporation chief economist Michael Ricafort told the Philippine News Agency.

Unemployment rate went down to 4.3 percent in January this year from 4.5 percent in the same month last year.

The preliminary result of the February labor force survey is scheduled to be released on April 8.

Ricafort is expecting some pick-up in production and i...