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Employment rate sa bansa, tumaas sa 95.7% nitong January 2025; unemployment rate, bumaba sa 4.3%

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Transcript
00:00The number of Filipinos with jobs increased in the first month of the year compared to the same period in 2024.
00:07The government continues to expand its efforts to meet the needs of the labor sector.
00:15The government is also committed to opening up more opportunities for business.
00:21This is what Denise Osorio reported.
00:24According to the Philippine Statistics Authority or PSA,
00:28many Filipinos are looking for jobs in the first month of the year
00:31while the total number of unemployed and underemployed in the country is decreasing.
00:36The employment rate of the entire Philippines increased by 95.7% in January 2025.
00:41More than 48.49 million Filipinos have higher jobs than in January 2024 at 95.5%.
00:51Meanwhile, the unemployment rate of the country decreased by 4.3% in January 2025 from 4.5% last year.
01:00The underemployment rate also decreased from 13.3% to 13.7%.
01:05PSA Assistant Secretary Divina Gracia Del Prado explained that
01:09almost all added to the labor force are looking for jobs.
01:13Actually, the unemployment rate did not increase.
01:18In fact, even if the number of unemployed increased, the unemployment rate still decreased.
01:24So it went down to a negative 0.2 percentage point.
01:30I'm talking about year-on-year movement of our unemployment rate and levels.
01:41PSA also added that
01:43Usually, our observation is that when the employment rate in Agri and Wholesale and Retail increases,
01:49the tendency is that the underemployment rate also increases because most of those underemployed are in Agri.
01:55The Bicol Region has the highest unemployment rate of 6.5%
02:00while Zamboanga Peninsula has the lowest unemployment rate of 2.3%.
02:04However, the National Economic and Development Authority, or NEDA,
02:08said that the improvement of the labor market is considered vulnerable
02:12if the government has programs like the Enterprise-Based Education and Training Program
02:17of the Technical Education and Skills Development Authority, or TESDA.
02:20In order to facilitate business in the Philippines,
02:23it is in accordance with the Create More Act in the current investment climate
02:27for more opportunities for Filipinos.
02:30Aside from this, the government also strengthens the resilience of the agriculture sector
02:35through Artificial Intelligence, or AI,
02:38to prepare natural calamities and to address vulnerable employment in the agricultural sector.
02:45Denise Osorio for Pambansang TV in Bagong, Philippines.
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