Uptick in PH employment rate seen due to Christmas season, midterm election preps
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NewsTranscript
00:00The employment rate is expected to improve as Filipinos enjoy the holiday season
00:05and the country gets ready for the midterm elections.
00:08Latest data from the Philippine Statistics Authority shows the country's employment rate
00:13went up to 96.3 percent in September from last year's 95.5 percent while the unemployment rate
00:22dropped to 3.7 percent from 4.5 percent for the same period in 2023. Experts, however,
00:30did not rule out the threat posed by the effects to supply chain and jobs of recent calamities.
00:37The seasonal demand brought about by the Christmas season will have a huge impact
00:42as well as the infrastructure projects by the administration and the activities related to
00:48the upcoming elections in the creation of more opportunities to eke out a living.