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Marcos Administration's Sound Policies Result in More Job Opportunities for Filipinos

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Marcos Administration,Job Opportunities,Filipino Workers

The Marcos administration's efforts to attract investments and improve employment have led to a decline in unemployment and underemployment rates in the Philippines. Ako Bicol Partylist Rep. Zaldy Co commends the government's job creation initiatives, stating that more Filipinos are being put to work as a result of sound policies and an upbeat business climate.

File photo shows the Manila Local Government Mega Job Fair buzzing with activity at the Universidad de Manila last May 31, 2023, graduating students seize the opportunity to explore job prospects.

Rep. Co attributed the decline to “a government hard at work that puts more people at work,” as the PSA reported that from 2.15 million jobless Filipinos in January 2024, the number went down to 1.8 million in February 2024, bringing the unemployment rate from 4.5% to 3.5%. The lawmaker also lauded the Marcos administration for being able to bring down underemployment, from 6.39 million underemployed Filipinos in January 2024 to 6.08 million underemployed Filipinos in February 2024.

Source: News Formal (newsformal.com)

Marcos Administration Job Opportunities Filipino Workers Unemployment Rate Underemployment Rate Government Policies Investments Business Climate

 

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