PH unemployment rate down, employment up in October
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00:00 The Philippine Statistics Authority, or PSA, reported the number of unemployed Filipinos
00:04 went down 4.2 percent in October.
00:07 This is the lowest recorded in over 18 years.
00:10 PSA's Labor Force survey showed 2.26 million Filipinos were unemployed in September, but
00:16 dropped to 2.09 million in October.
00:20 With the number of unemployed people going down considerably, the number of employed
00:24 Filipinos consequently spiked to 47.80 million, compared to 47.67 million recorded in September.
00:32 This is the highest recorded employment rate since April 2005.
00:37 In the meantime, underemployment rates in October also fell 11.7 percent to 5.6 million,
00:44 lower than the 14.2 percent recorded in the same period last year.