Number of unemployed Filipinos down 2.15M in January from 2.38M recorded in the same period last year

Transcript

00:00 The economy is on the upside when there are enough jobs created or vacancies filled out.

00:05 And the latest numbers are looking good based on the latest jobs report from the

00:10 Philippine Statistics Authority as threshed out by our Clazel Pardilia in this report.

00:15 Clarence has been searching for a job for almost half a year but after a long wait.

00:25 I have found a job now. I am working as an administrative assistant in a news company.

00:32 I also want to financially support my mother because we are only two in our lives.

00:37 Clarence is one of the Filipinos who no longer counts for and among the unemployed in the country

00:43 this year. According to the Philippine Statistics Authority, the number of unemployed which was 2.38

00:51 million in January 2023 slid to 2.15 million in the same period in 2024. This year the number of

01:00 workers in the industry of construction, transportation, administrative, fishing,

01:06 and other livelihoods such as repair work have increased. The number of employees who have

01:12 obtained regular income also rose. Finance Secretary Ralph Recto allowed the improvement

01:18 in the quality of jobs available in the Philippines. This as more Filipinos become

01:24 engaged in formal and stable work. The improvement in the quality of jobs is also a reflection

01:31 of the drop in the underemployment in the country. The Department of Finance reaffirms its commitment

01:38 in fostering an environment that is conducive to employment generating activities. President

01:45 Ferdinand R. Marcos Jr. aims to further promote a favorable business environment in the Philippines.

01:53 According to the National Economic and Development Authority, Secretary Arsenio Balisacan,

02:00 this will attract local and foreign investments that will certainly result in more and better

02:07 quality jobs in our country. Efforts will be made to enhance collaboration between industry,

02:14 the academe, and the public in order to tackle skill mismatches and disparities in employment

02:20 related skills. Additionally, special attention will be given to creating livelihood opportunities

02:27 for vulnerable sectors including women, the elderly, and persons with disabilities. In total,

02:34 around 45.94 million Filipinos are employed or engaged in business. Although this is lower than

02:42 47.80 million during the last quarter of 2023, known as a holiday season, the PSA does not

02:50 express concern about this.

02:52 [SPEAKING IN TAGALOG]

03:19 [SPEAKING IN TAGALOG]

03:27 For the New and Better Republic.