Unemployment rate fell to its lowest level since the start of the pandemic despite stricter quarantine restrictions amid Omicron surge in January, data from the Philippine Statistics Authority showed.
Unemployment rate fell to its lowest level since the start of the pandemic despite stricter quarantine restrictions amid Omicron surge in January, data from the Philippine Statistics Authority showed on Friday, March 18.
In terms of magnitude, the number of labor force participants stood at 45.94 million, down by roughly 3.61 million Filipinos aged 15 and above who were either employed or unemployed from 49.55 million in December.In addition, the number of employed Filipinos dropped to 43.02 million from 46.27 million in December.
“The Omicron surge caused a temporary decline in our employment levels. Now that we have contained the spread of the virus and shifted to Alert Level 1 in most parts of the country, we look forward to an improvement in employment outcomes in the coming months,” Chua said. Chua also emphasized the need to reopen all schools in Alert Level 1 for face-to-face learning as this will provide a big boost to the economy, enable children to learn more, and allow more parents to go back to work.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
![[OPINION] You get who you vote for: What type of political voter are you?](https://i.headtopics.com/images/2022/3/17/rapplerdotcom/opinion-you-get-who-you-vote-for-what-type-of-political-voter-are-you-1504549192919834640.webp?w=640)
[OPINION] You get who you vote for: What type of political voter are you?'Isn’t it about time that we Filipinos, elevate our political discussions?' PHVote WeDecide Opinion
Read more »
'Sweldo' isn't enough: VP bet Sara says Pinoys must have business know-howFilipinos must have business know-how–no other way around it.
Read more »
‘Malasakit’ and DesignFuture-proofing Filipino society through design.
Read more »
You can’t cook, eat unity — Isko MorenoFilipinos cannot eat “unity,” presidential candidate and Manila mayor Francisco “Isko Moreno” stressed in a campaign sorties in Kabankalan City, Negros Occidental on Thursday.
Read more »
Calista — PH's new girl group takes centerstageSince their debut early last month, Calista — the country's newest girl group — has gone full throttle, sharing their music and artistry with Filipinos and the rest of the world.
Read more »
Vegan restaurant Cosmic: We found love in a meatless placeThe famous Poblacion joint is known for serving 100% plant-based Filipino comfort food that's so flavorful and filling, you won't actually miss meat. 😋
Read more »