00:00The unemployment rate in the country is down by 3.9% based on the October labor force survey of the PSA.
00:08The number of people who have jobs in their industry has increased compared to last July.
00:12This is what Rod Lagusan reported.
00:17The Philippine Statistics Authority has recorded a decrease in the unemployment rate.
00:21Based on the data from the October 2024 labor force survey,
00:25the number of unemployed people in the country is down by 3.9% or 1.97 million compared to 4.7% last July or 2.38 million Filipinos.
00:37The number of unemployed people is down by more than 400,000.
00:40According to PSA National Statistician and Civil Registrar General Undersecretary Claire Dennis Mapa,
00:46the number of unemployed people is affected by the following typhoons.
00:50The number of jobs in the fisheries and aquaculture industry, which is around 90,000, is particular.
00:57What we can see are typhoons.
01:00Fishermen are cautious to go out because of the storms.
01:08We can see that the typhoon contributed to the subsectors where the number of unemployed people is decreasing.
01:17It is possible that this will also be seen in November due to the continuous increase of typhoons.
01:23But by December, PSA hopes that the situation will improve.
01:27Our activities in December are mostly retail trade, accommodation, and food service activities.
01:37We can see that there is an increase there.
01:42Usually, last quarter, October, November, December, in the past, there was an increase in the number of employed people.
01:50According to this, the number of unemployed people increased by more than 450,000.
01:55From 47.7 million or 95.3% last July, the number of unemployed people is at 48.16 million or 96.1% this October.
02:06The industry of administrative and support service activities, accommodation and food service activities, transportation and storage, and construction has recorded a large number of unemployed people.
02:16Rod Laguced, for Pambansang TV in Bagong, Philippines.
