President Ferdinand Marcos Jr. welcomed the increased employment rate but believed that more work needs to be done to generate more jobs. | JMangaluzINQ
Marcos said that the current economic and bureaucratic processes still need to adjust to new policies being introduced that make the Philippines more investor friendly.“Ito yung talagang priority sa atin is trabaho kayat lahat naman ng ating ginagawa sa ekonomiya ay para mabigyan, hindi lamang yung underemployed, na klase na trabaho kundi ang magandang trabaho na may future, may benefits,” he said.
“The number of underemployed persons or employed persons who expressed the desire to have additional hours of work in their present job or to have an additional job or to have a new job with longer hours of work was reported at 5.66 million of the 48.26 million employed persons, translating to an underemployment rate of 11.7 percent in May 2023,” said the PSA.
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