The government remains committed to strengthening policy interventions aimed at creating more productive and higher-quality jobs amid the decrease in the country’s unemployment rate, the Neda said.
The country’s
in January this year, down from 6.4 percent during the previous year, according to the Philippine Statistics Authority.“The latest employment indicators show the robust recovery and growth of our labor market from its slump in January 2022, when the surge in Omicron cases prompted stringent mobility and capacity restrictions,” Neda Secretary Arsenio Balisacan said in a statement.
“However, we note that employment created year-on-year was mostly part-time and classified as vulnerable. Thus, it is imperative that labor market policies and programs that directly contribute to labor productivity and employment generation must be prioritized, not only to preserve jobs but also to generate quality jobs,” he added.
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