MANILA – More Filipinos found jobs in the fourth quarter ahead of the busy Christmas season.
The unemployment rate continued to ease in October, now at just 5.6 percent compared with last year’s 6 percent and July’s 6.5 percent.
There were 39.8 million employed in the Philippines as of October, up slightly from the July figure of 39.2 million.
Based on global standards, a person is considered employed if he worked at least an hour in the past week.
Underemployment, or the number of people who have jobs but are still looking for other work, also fell to 17.7 percent compared with the over 18 percent from a year earlier.
There were 7.02 million underemployed in October versus 8.22 million in July.
Close to 60 percent of the underemployed worked for less than 40 hours a week. Most of the underemployed worked in the services and agriculture sectors.
The labor force participation rate was estimated at 63.3 percent.
Despite the decreasing jobless figures, the World Bank has said the Philippines still has a long way to go in providing better quality jobs to Filipinos.
The government has given up on its 7-8 percent growth target this year, saying the economy would likely expand 6-6.5 percent, which would still make the Philippines one of the few bright spots in Asia. — ABS-CBNnews.com with ANC, Reuters
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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