00:00As for the number of jobs in the country, it is expected that there will be more during the election according to the Labor Department.
00:06The administration of President Ferdinand R. Marcos Jr. remains focused on prolonging the work for the Filipinos.
00:14Alvin Baltazar, Radyo Pilipinas, sa Balitang Pambansa.
00:19The Department of Labor and Employment has no doubt that there are a lot of jobs during the election period.
00:24The campaign for those who are running at the national level is about to start.
00:29This is what Secretary Benvenido Laguesma said in the middle of a stable employment in the Philippine labor market last year
00:36and an improvement in job quality.
00:39Laguesma also said that he does not expect the same effect of the so-called political exercise
00:46which only has a seasonal and temporary effect.
00:51The Dollar Chief also said that they remain focused on prolonging the work for the Filipinos.
00:59We are not banking solely because there is a political exercise and there are a lot of jobs.
01:04We know that it is only temporary.
01:08What the current administration wants is a long-term job.
01:14As for the unemployment rate, the National Economic Development Authority said
01:18that it remained at 3.1% in a year similar to what was predicted in 2023.
01:26According to Undersecretary Rosmarie De Leon, this is the lowest unemployment rate since 2025.
01:34The so-called underemployment rate also decreased from 10.9% in 2024 to 11.9% in 2023.
01:43This is an indication that the quality of the jobs in the country is also increasing
01:49now that the number of people with jobs is decreasing
01:52but they are still looking for other ways of earning or additional hours of work.
01:58The country's unemployment rate remained at 3.1%.
02:04This is actually the same rate that it was in December of 2023.
02:09This is actually the lowest since 2005.
02:13If we have a thousand individuals in the labor force,
02:19we can see that only 31 of them do not have a job.
02:25This achievement is a reflection of the progress of the strategies
02:29that were implemented in the Philippine Development Plan 2023-2028.
02:34This will also show a continuous improvement in the economy
02:38towards the creation of more and better job opportunities for Filipinos.
02:45For Balitang Pambansa, Alvin Baltazar of Radyo Pilipinas.
