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