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Manila Bulletin devider Philippines devider National devider PBBM pulling all the stops to address unemployment, underemployment--solon 

PBBM pulling all the stops to address unemployment, underemployment--solon 

Published Apr 12, 2024 08:19 am

At A Glance

  • Ako Bicol Party-list Rep. Zaldy has praised the Marcos administration on Friday, April 12 for creating an "upbeat business climate" that has created additional job opportunities for Filipinos.

20231010_141849.jpgAko Bicol Party-list Rep. Zaldy Co (Ellson Quismorio/ MANILA BULLETIN)



A House leader has praised the Marcos administration on Friday, April 12 for creating an "upbeat business climate" that has created additional job opportunities for Filipinos.

Ako Bicol Party-list Rep. Zaldy Co, chairman of the House Appropriations Committee, specifically lauded President Marcos' "sound policies" that helped reduce the country’s unemployment rate from 4.5 percent to 3.5 percent as per the Philippine Statistics Authority (PSA).

Co attributed the decline to “a government hard at work that puts more people at work,” as the PSA reported that, from 2.15 million jobless Filipinos in January 2024, the number went down to 1.8 million in February 2024.

“This is clear proof that the government is doing a good job in creating more jobs for more Filipinos. A government hard at work puts more people at work," said the Bicolano.

“Sound policies create an upbeat business climate that attract investments that generate jobs and boost consumption. This is the virtuous cycle that heightened confidence in the country's economy inspires,” he added.

HAVE YOU READ THIS?

https://mb.com.ph/2024/4/11/kanin-is-the-key-salceda-explains-how-cheaper-rice-can-give-pinoys-better-jobs


The ranking lawmaker also commended the Marcos administration for bringing down underemployment, from 6.39 million underemployed Filipinos in January 2024 to 6.08 million underemployed Filipinos the following month.

The PSA said this translates to an underemployment rate of 12.4 percent in February against the 13.9 percent in January.

Underemployment is defined as workers who are seeking additional jobs or working hours to improve their income.

The National Economic and Development Authority (NEDA) earlier said the Marcos administration was working on strengthening linkages among industry, the academe, and the public sector to address skill mismatches in the labor market.

Related Tags

underemployment unemployment zaldy co President Marcos
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