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.