00:00 Even the president couldn't help himself from chiming in on what the stark numbers on the
00:04 latest inflation and unemployment figures connote.
00:08 Remarkable recovery and/or turnaround from a high of 8.7 percent to last month's 4.1
00:14 percent.
00:15 Government's hard-earned efforts have slashed more than half of soaring numbers and is well
00:20 on its way to its target range of 2.4 to 3.6 percent by year's end or by the first quarter
00:26 next year.
00:27 As if it were not enough, joblessness has been slashed significantly.
00:32 Mr. Alan Francisco lays it out in this report.
00:37 President Ferdinand R. Marcos, Jr. called on employers, employees, and other stakeholders
00:42 to remain united in promoting full recovery in the labor market and addressing economic
00:47 challenges.
00:48 Executive Secretary Lucas Bersamin represented President Marcos as the guest of honor and
00:53 keynote speaker at the Dole at 90 Stakeholders Night, Gabi ng Parangal at Pasalamat, held
00:59 at the PICC last night.
01:01 President Marcos encouraged stakeholders to contribute to creating more jobs towards a
01:06 bagong Pilipinas.
01:07 He emphasized the need for collective efforts to advance more highly quality jobs that enhance
01:13 the lives of Filipinos.
01:14 The president also commended the Department of Labor and Employment, or Dole, for its
01:19 celebration and protection of the rights and welfare of workers.
01:23 As a nation that takes pride in our globally competitive workforce, we count always on
01:28 the role of Dole in securing their rights, welfare, and empowerment.
01:33 The feats you have achieved and the challenges that you have overcome these past nine decades
01:38 have turned you into a reliable arm of government in meeting the needs of our workers, both
01:43 here and abroad.
01:44 As you recognize the outstanding service of your officials, employees, and stakeholders
01:49 to this event, I trust that you will also renew your commitment to ensuring the legal,
01:55 humane, and dignified working conditions for our Filipino workers.
01:59 Sama-sama po nating tuparin ang pangako ng isang bagong Pilipinas para sa lahat, kabilang
02:05 ang ating mga mahal na manggagawang Pilipino.
02:08 Mabuhay ang Dole.
02:09 Mabuhay ang ating lakas paggawa.
02:12 Finance Secretary Benjamin Diokno stated the government is close to achieving the president's
02:17 goal of reducing unemployment to a single-digit by term end.
02:21 The upskilling or teaching of new knowledge and skills to Filipino workers is expected
02:25 to contribute to this.
02:27 For instance, this includes overseas Filipino workers who wish to return to the country
02:32 and resettle in the Philippines.
02:34 According to the government, five major industries have recorded the highest increase in the
02:39 country's employment rate.
02:40 In a Facebook post by the Presidential Communications Office, it includes wholesale and retail trade,
02:47 followed by repair or maintenance of motor vehicles and motorcycles, and agriculture
02:52 and forestry.
02:53 Also receiving mention include accommodation, food service activities, public administration
02:58 and defense, as well as compulsory social security and the education sector.
03:04 Alan Francisco for the Nation.
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