00:00The number of Filipinos who lost their jobs decreased in December 2024.
00:05According to the Philippine Statistics Authority,
00:08the government promised that it will continue to focus on improving the economy
00:14and giving more opportunities to Filipinos.
00:18Joshua Garcia of PTV in Balitang Pambansa.
00:23Yes, Allan, based on the latest data of the Philippine Statistics Authority
00:27in their December 2024 Labor Force Survey,
00:30the unemployment rate in the country remained at 3.1% in December 2024
00:35or equivalent to 1.63 million people who lost their jobs.
00:39This is lower than the 1.66 million or 3.2%
00:43that was recorded in November 2024
00:46while the unemployment rate increased by 96.9%.
00:50This is equivalent to 50.19 million people who have jobs.
00:54This is lower than the 50.52 million in December 2023
00:58but higher than the 49.54 million in November 2024.
01:03The labor force participation rate decreased by 65.1%
01:07which means that fewer active people are looking for jobs.
01:10Despite the fact that there are no jobs in the agriculture and manufacturing sectors,
01:14there are more jobs in transportation, construction, and public services.
01:19According to the PSA data,
01:21the largest number of people are working in the services sector
01:24with 60.5% while 21.3% are in agriculture and 18.3% in industry.
01:31At the same time, the underemployment rate decreased by 10.9%.
01:35This is equivalent to the government continuously targeting the economy
01:39so that it can provide better opportunities for Filipino workers
01:43to have a decent and high-quality job.
01:46And those are the latest news.
01:48Back to you, Allan.
01:51Thank you very much, Joshua Garcia of PTV.
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