The government's chief economic manager said the Philippines is on the brink of realizing President Marcos' goal of slashing the unemployment rate to a low single digit by the end of his term. In a statement, Finance Secretary Benjamin E. Diokno said that the President's aim to lower the...
President Marcos has expressed confidence that the Philippines will have a promising future following reports of the country's inflation rate dropping last month. President Ferdinand 'Bongbong' Marcos Jr. (Bongbong Marcos/Facebook) Marcos said this as he welcomed the report that the country's...
The country had fewer unemployed persons in October this year at 4.2 percent or 2.9 million individuals, according to a report by the Philippine Statistics Authority (PSA). This was significantly lower than the 4.5 percent recorded in the same month last year, and 4.8 percent in July this year. It...
CEBU CITY – The Department of Labor and Employment reported a decrease in the unemployment rate in Central Visayas this year. DOLE-7 Director Lilia Estillore said that the unemployment rate in Region 7 decreased from 5.8 percent in 2022 to 5.2 percent in 2023. Estillore said the unemployment...
Unemployment is expected to drop in the fourth quarter of the year as livelihood opportunities begin to open up leading to the holidays, an economist said. The Presidential Communications Office (PCO) cited Rizal Commercial Banking Corporation (RCBC) Chief Economist Michael Ricafort's...
The Department of Finance (DOF) said the job quality for Filipinos is steadily improving, with the country's underemployment rate dropping below its pre-pandemic level. In a statement, Finance Secretary Benjamin E. Diokno said the underemployment rate of 10.7 percent recorded in September was the...
The number of unemployed Filipinos inched up in September while labor force participation declined, the Philippine Statistics Authority (PSA) reported. Based on the latest Labor Force Survey, the unemployment rate rose to 4.5 percent or 2.26 million, up from 4.4 percent in August or 2.21 million...
The Department of Finance (DOF) said the local labor market remains strong and resilient despite global uncertainties. Finance Secretary Benjamin E. Diokno said the latest jobs data revealed positive trends, with unemployment decreasing to 4.4 percent in August from 5.3 percent the previous year...
The country's unemployment rate plunged to 4.4 percent, equivalent to 2.21 million jobless Filipinos in August, the Philippine Statistics Authority (PSA) reported. The latest number is lower than the 4.8 percent or 2.27 jobless individuals recorded in July and the 5.3 percent or 2.68 million...
The government will continue to attract job-generating investments as the unemployment rate shrunk to 4.8 percent in July, the Department of Finance (DOF) said. In a statement, Finance Secretary Benjamin E. Diokno said the government will maintain a sound macroeconomic environment and pursue...
An estimated 2.27 million Filipinos found themselves without employment in July, the Philippine Statistics Authority (PSA) reported. In a briefing on Friday, Sept. 8, National Statistician Dennis Mapa said the preliminary results of the PSA’s Labor Force Survey showed that the number of jobless...
Despite recording a decline in the number of unemployed Filipinos, President Ferdinand "Bongbong" Marcos Jr. said there has to be a continuous economic activity to generate jobs that would spawn growth and development in the country. *President Ferdinand 'Bongbong' Marcos Jr. (ALFRED FRIAS/JOEY...
