President Ferdinand Marcos Jr. expressed confidence that the Philippines would not experience recession following the reported decrease on the number of unemployed Filipinos in the country. READ: Video courtesy: OPS
President Ferdinand "Bongbong" Marcos Jr. expressed confidence that the Philippines would not experience recession following the reported decrease on the number of unemployed Filipinos in the country.
“Ang balita na tumaas ang inflation rate na hanggang eight percent last November, mayroon naman kasabay na mas magandang balita na bumaba ang unemployment rate sa four and a half percent mula sa five percent,” Marcos said in a video message. The Philippine Statistics Authority has disclosed that the number of unemployed Filipinos slightly decreased to 2.24 million in October. This was lower than the 2.50 million unemployed individuals recorded in September.from 5% in September and 7.4% in October 2021. According to the PSA, this was the lowest since the similar 4.5% print seen in pre-pandemic October 2019.
Marcos, meanwhile, guaranteed that the government is implementing measures “to cushion the impact of high prices of basic goods on ordinary Filipinos.”
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