DOF chief says PH on track to reaching upper middle-income status by 2025, single digit poverty...
DOF chief says PH on track to reaching upper middle-income status by 2025, single digit poverty rate by 2028
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00:00Finance Secretary Ralph Recto said continued improvements in the labor market indicates the country's positive progress
00:07towards its goal of reaching upper middle and
00:10upper middle class status by 2025. This as the Philippine Statistics Authority or PSA reported, the
00:18unemployment rate dropped to 4.1 percent in May from 4.3 percent in the same period last year,
00:24translating to 61,000 individuals who found paid work.
00:29Along with strong employment figures, Secretary Recto also
00:33underscored the country's historic high gross national income or GNI per capita of
00:39$4,230 in 2023 signifies profound improvements in the standard of living of Filipinos.