Employment rate sa bansa, umabot na sa 96% nitong Agosto ayon sa PSA

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Employment rate sa bansa, umabot na sa 96% nitong Agosto ayon sa PSA; Unemployment rate, bumaba naman sa 4.0%  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 8:00 am Bagong Pilipinas Ngayon - 12:00 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:00 pm - 7:00 pm PTV News Tonight -  9:30 pm - 10:30 pm  Saturday & Sunday: ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00The number of Filipinos who have jobs increased this August, according to the Philippine Statistics Authority.

00:07And according to NEDA, the Filipinos will have a good Christmas this year,

00:12because aside from the increase in the number of people who have jobs, the inflation in the country will also decrease.

00:17Joshua Garcia has the details.

00:22The increase in the employment rate continues.

00:24The unemployment rate in the country will also decrease, according to the latest data from the Philippine Statistics Authority,

00:30especially now that it is the Bermond's and holiday season.

00:33If we look at October, November, December last quarter, because of the holidays, release of bonuses,

00:39our household final consumption expenditure is increasing.

00:43We have a lot of jobs that are being created.

00:46We have an expectation that our labor force participation will increase in our employment this last quarter.

00:56In the latest labor force survey of the PSA just last August,

01:00the employment rate reached 96% which is a high rate compared to 95.6% in 2023 in the same month,

01:08and 95.3% in July 2024.

01:12This is equivalent to Php 48.07 million that had jobs in August 2023,

01:18to Php 49.15 million in August 2024.

01:22The unemployment rate decreased by 4% for the month of August this year,

01:26from 4.4% in the same month in 2023,

01:30or equivalent to Php 2.22 million that had no jobs in August 2023,

01:34to Php 2.07 million this year in the same month.

01:37National Statistician Undersecretary Claire Dennis Mapa explained that this is a result of a large number of women

01:44who joined the labor force that increased the labor force participation rate.

01:48Year on year, between August 2023 and August 2024,

01:52about 1.03 million female workers joined the labor force,

01:58and about 1.03 million were absorbed in the labor market, meaning they were employed.

02:05Overall, the labor force participation rate, or LFPR, remained at a high rate of 64.8% in August,

02:13which means that 51.22 million Filipinos were active in the labor market,

02:18which is higher than Php 50.29 million in 2023.

02:22Meanwhile, according to the National Economic and Development Authority,

02:25the Philippines will have a good Christmas in the latest labor force survey,

02:29along with a decrease in the inflation rate to 1.9% in September.

02:33This is in line with the government's plan for the TBP for 2025-2034,

02:39led by the TBP Interagency Council,

02:42which has a partnership with other government agencies and stakeholders from the private sector.

02:48Joshua Garcia for Pambansang TV in Bagong, Philippines.

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