Saturday, December 12, 2015

Statement: Presidential Spokesperson Lacierda on the October 2015 Round of the Labor Force Survey




From the Website of GPH - Government of the Philippines
links:
http://www.gov.ph/2015/12/10/statement-presidential-spokesperson-lacierda-october-2015-round-labor-force-survey/


Statement: Presidential Spokesperson Lacierda on the October 2015 Round of the Labor Force Survey

edwin lacierda 2
Statement of Presidential Spokesperson Edwin Lacierda
on the October 2015 Round of the Labor Force Survey
[Released on December 10, 2015]

We are pleased to announce that the latest round of the Labor Force Survey, as released today by the Philippine Statistics Authority (PSA), registered another decline in unemployment. From 6.0% in October 2014, the unemployment rate further dropped to 5.7%—the lowest figure recorded in the past decade. Coupled with an improvement in employment and a decrease in underemployment, this serves as an indication of our economy’s robust growth. Our employment rate is currently estimated at 94.3%—an increase from last year’s 94.0%—while underemployment decreased to 17.6% from 18.7% in October 2014.

According to the PSA report, employment growth was led by the services and industry sectors, which hired an additional 440,000 and 169,000 workers respectively over the past year. The report also indicates that our youth unemployment rate decreased to 13.6% from 14.2% in October 2014, and that this decline in the number of unemployed was recorded across all educational levels.

In the interest of comparability, the above figures exclude data from the province of Leyte. Due to the devastation caused by Typhoon Yolanda, Leyte was not included in the October 2014 round of the Labor Force Survey. The complete set of figures may be viewed on the PSA website.

This encouraging report once again reflects the positive fruits of Daang Matuwid. Indeed: a government that invests in its people is bound to reap rewards for future generations. By pursuing policies and programs that widen opportunities for our citizens, the administration lays the foundation for a better future marked by increased access to education and health services. Given all these improvements, we trust that the Filipino people will make the right choice during next year’s referendum and vote for continuity, prosperity, and inclusivity—an accelerated Daang Matuwid.


GPH Website





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