THE UNEMPLOYMENT RATE in September dropped to a new low since the start of the coronavirus pandemic, but job quality continued to worsen, the Philippine Statistics Authority (PSA) said on Tuesday.
Commuters wait for public transportation along Ortigas Extension in Cainta, Rizal, Sept. 14. — PHILIPPINE STAR/ WALTER BOLLOZOSin September dropped to a new low since the start of the coronavirus pandemic, but job quality continued to worsen, the Philippine Statistics Authority said on Tuesday.
“The recent survey results show the gains of the full reopening of our economy,” Socioeconomic Planning Secretary Arsenio M. Balisacan said in a statement. The size of the total labor force dropped to 50.08 million in September, from 50.551 million in August. Meanwhile, the employment rate stood at 95% in September, up from 94.7 in August and 91.1% in the same month a year ago. The NEDA said this was the highest recorded employment rate since January 2022, mainly due to the “significant de-escalation of community quarantine restrictions.”
The manufacturing sector posted the highest monthly increase in jobs, adding 780,000 to 4.45 million workers in September.
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