President Ferdinand Marcos Jr. stated Friday that offering alternatives for Filipinos to be employed is among the many focus of his administration.
Marcos made the remarks following the latest Philippine Statistics Authority (PSA) Labor Force Survey exhibiting the Philippines’ unemployment price in May continued to say no as a result of elevated financial exercise.
“Ito ‘yung talagang priority sa atin is trabaho. Kaya’t lahat naman ng ating ginagawa sa ekonomiya ay para mabigyan hindi lamang yung underemployed na klase ng trabaho kundi ang magandang trabaho na may future, may benefits,” Marcos advised reporters in an opportunity interview on the commencement rites of the Philippine Army Officer Candidate Course in Taguig.
(Employment is certainly one of our priorities. All of our financial initiatives are supposed to present gainful employment.)
“Kaya’t nakakatuwa naman at dahan-dahan ay umaakyat ‘yung numero ng employed dito sa Pilipinas,” he stated.
(That’s why it’s good to listen to that the employment figures are enhancing.)
Latest knowledge from the PSA confirmed the variety of jobless individuals aged 15 and above within the nation fell to 2.17 million in May 2023 from 2.26 million in April 2023, down by round 89,000 month-on-month.
This can also be decrease than the two.93 million unemployed people recorded in May 2022, down by about 760,000 individuals.
The 2.17 million unemployed in May this yr is the third lowest since October 2016’s 2.04 million jobless and a pair of.05 million unemployed recorded in October 2019.
As a share to the entire 50.43 million individuals within the labor drive, the unemployment price stood at 4.3%, decrease than the 4.5% in April 2023 and 6% in May 2022. This signifies that 43 out of 1,000 people had no jobs or livelihood through the interval.—LDF, GMA Integrated News
Source: www.gmanetwork.com
