00:00The administration of President Ferdinand R. Marquez Jr. is true in giving long-term jobs to Filipinos.
00:08Meanwhile, the number of jobs in the country is expected to increase during the election.
00:15Alvin Baltazar of Radyo Pilipinas with the national news.
00:21There is no doubt that the Department of Labor and Employment is working hard during the election period
00:26and the campaign is about to start for those who are running for the national level.
00:30This is what Secretary Benvenido Leguizma said in the middle of the Stable Employment in the Philippine Labor Market
00:37last year and the improvement in job quality.
00:41In addition, Leguizma stated that he does not rely on the so-called political exercise
00:48where the good effect is only temporary.
00:52If the Dollar Chief gives, their focus remains on giving long-term jobs to Filipinos.
01:01We are not banking solely because there is a political exercise that will increase the number of jobs.
01:06Because we know that it is only temporary.
01:09What I want to see in the current administration is long-term jobs.
01:15As for the unemployment rate, the National Economic Development Authority said
01:20that it remained at 3.1% for a year just like it was predicted in 2023.
01:27According to Undersecretary Rosmarie De Leon, this is the lowest unemployment rate since 2025.
01:35The so-called underemployment rate also dropped from 10.9% in 2024 to 11.9% in 2023.
01:45This is an indication that the quality of jobs in the country is also increasing.
01:50Now, the number of people who have jobs is decreasing, but they are looking for other ways of earning or additional hours of work.
02:00The country's unemployment rate remained at 3.1% in December 2024,
02:06which is actually the same rate that it was in December of 2023.
02:11And this is actually the lowest since 2005.
02:15So it means that if we have a thousand individuals in the labor force,
02:21we can see that only 31 of them have no job.
02:26This achievement is a reflection of the progress of the strategies adopted in the Philippine Development Plan 2023-2028.
02:35This will also show a continuous improvement in the economy
02:39towards the creation of more and better job opportunities for Filipinos.
02:47For Balitang Pambansa, Alvin Baltazar of Radyo Pilipinas.
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