00:00The number of Filipinos who lost their jobs this July is decreasing.
00:04This is based on the Labor Force Survey of the Philippine Statistics Authority.
00:09The number of people who lost their jobs this July is 4.7% or equivalent to 2.38 million.
00:16This is lower than the 4.9% in July 2023.
00:20The number of people who lost their jobs last July is also increasing.
00:24Based on the survey, 95.3% of the labor force,
00:29the number of people who lost their jobs this July is equivalent to 47.7 million.
00:37This is higher than 96.1% or equivalent to 44.56 million
00:44at the same time last year.
00:48We saw that in July, those who graduated, those who are in college,
00:53or in K-12, they entered the labor market
00:57and some of them did not find a job.
01:01Here in the underemployment numbers,
01:03it also shows that our quality of jobs is improving
01:09because the drop in the underemployment numbers are significant.
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