The P8.4 trillion flagship infrastructure project seeks to accelerate infrastructure spending and develop industries that will yield robust growth, create jobs and improve the lives of Filipinos.
The overall annual employment rate declined from 94.50 percent, or 40.8 million employed individuals in 2016, to 94.30 percent or 40.3 million in 2017. In 2016, at least 7,513,000 were classified as underemployed. The numbers went down in 2017 to 6,506,000. It went back up in 2018 with 6,734,000 but dropped in 2019 after PSA recorded 5,934,000 underemployed persons.When the COVID-19 pandemic landed on Philippine shores in 2020, a surge in COVID cases was also marked by a surge in unemployment.
But the Department of Labor and Employment took pride in the numbers. The unemployment rate of 7.1 percent, DOLE said in a statement, was “already the lowest” since the pandemic began.
Beauty first than poverty.
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