Unemployment rate ng bansa nitong Hunyo, bumaba ayon sa PSA; pagbuo ng mga dekalidad na trabaho, puspusan ayon sa NEDA
Category
🗞
NewsTranscript
00:00In order for more jobs to be created, the number of Filipinos who will have or will have an income this June will increase.
00:10If there is a chance, the banks will also increase so that the quality of the jobs will be created so that there will be enough income.
00:20Details on this in the Central News of Sue Jean Kim Live.
00:26Aldo, the number of Filipinos who have a job or business in the country increased to 50.28 million in June 2024.
00:341.41 million were added to the number from May to June.
00:40The employment rate in the country increased to 96.9% in June 2024.
00:45This increase in the number of employees, most of them are from private establishments.
00:53This is a substantial percentage of wage and salary workers.
01:02In terms of quality, the expectation is that it will continue.
01:13Meanwhile, the number of Filipinos without a job decreased.
01:17In just one month, the number of unemployed Filipinos decreased by almost 500,000.
01:23One of the lowest unemployment rates since April of 2005.
01:31The number of Filipinos underemployed also increased.
01:35The estimated underemployment rate this June was 12.1% from 9.9% in May.
01:42This is a significant increase compared to the estimated underemployment rate in June 2023.
01:48MAPA explained that this is because the number of employees increased,
01:52but not all of them will be absorbed as full-time workers.
01:56For the sectors that constitute the largest part of the labor force,
02:00the services sector is still leading, followed by agriculture and industry.
02:05The sub-sectors that have the largest increase in employment are construction,
02:10wholesale and retail trade, repair of motor vehicles, accommodation and food service,
02:16manufacturing and transportation.
02:18Meanwhile, the sub-sectors that have the largest decrease in the number of employed
02:24are agriculture and forestry, as well as public administration and defense.
02:28The number of Filipinos who work more than 40 hours a week also increased.
02:3440.9 hours is the average hours worked in a week.
02:39This is higher.
02:41Our agri-sector, year-on-year, has decreased.
02:46This is one of the substantial decreases.
02:51In May, El Nino was higher.
02:56This is reflected in our labor market.
03:00We have an expectation that this employment will bounce back in our agri-sector.
03:10According to the National Economic and Development Authority, ONEDA,
03:14the growing population in the country when it comes to renewable energy,
03:18water supply and mining and quarrying also contributed to employment growth.
03:24Aljo, according to National Economic and Development Authority Secretary Arsenio Balisacan,
03:30while the figures in the job generation are fluctuating,
03:34the government will continue to focus on the construction of high-quality and well-paying jobs.
03:40This is the latest from Quezon City.
03:43Back to you, Aljo.
03:44Effective on July 22, in the area of President Marcos Jr.,
03:50he banned the pigeons.
03:53Is this affecting our employment rate?
03:59Yes, Aljo.
04:00While our data for now is for June 22,
04:05the government, including the Department of Finance and the Department of Labor and Employment,
04:11will help the Filipinos who will be displaced from their jobs.
04:15Aljo, according to Labor Secretary Bienvenido Lagesma,
04:18DOLE has already profiled and asked for a list of employers
04:23to help them find a job that is suited to their skills and salary.
04:28As of now, DOLE has seen that they can enter the BPO and IT industry.
04:33And even if this is not their chosen industry,
04:37DOF and DOLE are also assuring that they will provide upskilling and reskilling programs
04:43so that they can find the jobs that they want.
04:46Aljo.
04:47Thank you very much, Sujin Kim.