In his video message, the President said he would ease people’s burden in the face of current challenges, particularly the global rise in the prices of basic goods.
“It makes us stronger and I feel confident that there would be no recession in the Philippines because the unemployment rate is low. Let us work together. We can do it,” he added. The number of unemployed Filipinos fell to 2.24 million in October, down from 3.5 million a year earlier, with 1.26 million finding workthis year, while the employment rate increased to 95.5 percent in October, up from 95 percent the previous month, the highest rate since January 2020.
Source: Financial Digest (financialdigest.net)
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