MANILA President Rodrigo Duterte's administration would continue implementing socio-economic initiatives that will help further boost the employment in the country, Presidential Communications Operations Office Secretary Martin Andanar said on Friday.
Andanar made the vow, as he welcomed the results of the latest Philippine Statistics Authority's (PSA) official labor data, which revealed that the number of jobless Filipinos has significantly declined in October this year compared to the same period last year.
PSA's October 2019 Labor Force Survey showed that unemployment went down to 4.5 percent or 2.05 million Filipinos, from the 5.1 percent or 2.203 million recorded in October 2018.
This was the lowest among the October rounds of the survey since the government adopted new employment metrics in 2005.
Andanar considered the latest report as a notable achievement of Duterte and his administration.
This is a notable achievement for the Duterte administration and the Filipino people as this has been the lowest overall unemployment rate recorded for all October survey rounds since 2005, Andanar said in a statement. We will continue to adopt socio-economic policies and reforms that will maximize the increase in our economic output in order to improve the quality of work, employment rate, and the welfare of the Filipino people amidst global economic uncertainties.
PSA data found that the employment rate was estimated at 95.5 percent or 43.15 employed Filipinos in October, up from 94.4 percent or 41.33 million in the same month in 2018.
Underemployed Filipinos, meanwhile, dropped to 13 percent or 5.65 million from 13.3 percent or 5.502 million in October last year.
Andanar noted that despite pressing issues besetting the country, the current administration has been able to produce more job opportunities for Filipinos in all major sectors.
He also said that the so-called Dutertenomics, a term describing the President's economic policies, also contributed to a lower unemployment rate in October.
We have expanded our employment gains in all major sectors, especially that of agriculture and services. This despite the challenges of climate change and the threat brought by the spread of animal diseases to the aforementioned industry, he said. This reflects our firm commitment in undertaking measures, through our key programs under the Dutertenomics, that alleviate and reduce the numbers of unemployed Filipino workers across the country.
On Tuesday, Presidential Spokesperson Salvador Panelo said the Philippine labor market has become vibrant under Duterte's watch because of vibrant wholesale and retail trade; transportation and storage; construction; education; accommodation and food service activities; public administration and defense; and agriculture, particularly fishing and aquaculture.
Panelo also guaranteed that the Duterte government would continue developing the labor sector with skills training. (PNA)
Source: Philippines News Agency