Employment rate sa bansa, naitala sa 4.2% noong Oktubre
Employment rate sa bansa, naitala sa 4.2% noong Oktubre
Transcript
00:00 The employment rate of Filipinos who have jobs in the country increased in October 2023,
00:07 which was recorded at 95.8%.
00:11 According to the Philippine Statistics Authority,
00:14 this is the highest employment rate since April 2005.
00:20 The unemployment rate of those who have no jobs was recorded at 4.2% in October,
00:28 which is lower than 4.5% in September.
00:32 This is also the lowest unemployment rate recorded in the country since April 2005.
00:40 Meanwhile, the under-employment rate was recorded at 11.7%.
00:46 Among the sectors that increased was the number of jobs,
00:50 accommodation and food service activities,
00:53 and administrative and support service.
00:57 According to the National Economic and Development Authority Secretary, Arsenio Balizacan,
01:02 the labor market is expected to improve
01:06 as the Marcos Jr. Administration moves forward with the recruitment of new workers.