00:00Finance Secretary Ralph Recto named the lowest unemployment rate recorded in the Philippines in the past year
00:07according to the latest Unprecedented Progress, which is estimated to be 3.8% of the average unemployment rate recorded in the whole of 2024,
00:18which is the lowest in the record of the Philippine Statistics Authority since 2005.
00:23It is not surprising that it is lower at 4.4% to 4.7%, which is the target under the Philippine Development Plan 2023 to 2028.
00:34The highest in the full-year level is estimated to be more than 48 million Filipinos with jobs in 2024.
00:42It also came out that the full-year underemployment rate is at 11.9%, which is also the lowest in the record
00:50and a proof that the quality of the work of the Filipinos is increasing.
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