DOLE welcomes labor force survey showing increase in employment rate

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Labor Secretary Silvestre Bello III. (File photo)

MANILA – The Ministry of Labor and Employment (DOLE) welcomed the results of the October 2019 labor force survey on Thursday, particularly in terms of increasing employment.

“We are inspired by increasing employment and achieving beyond the overall goal for the year of 900,000 to 1.1 million jobs. For the year 2019, we have gained 1.3 million jobs, ”Labor Secretary Silvestre Bello III said in a statement.

“This is due to the dynamism of wholesale and retail trade, transport and warehousing, construction, education, accommodation and food services, as well as public administration and defense. Agriculture, especially fisheries and aquaculture, have also recovered in terms of employment, ”added the DOLE chief.

At the same time, Bello recognized their efforts to provide jobs for Filipinos as part of their goal of celebrating their founding anniversary this year.

“The very positive 1.8 million net employment earnings results for the October 2019 EFT are a real testament to our commitment,” Patuloy sa Mahusay, Mabilis at Malinis na Serbisyo “as DOLE celebrates its 86th founding anniversary “, he added.

In addition, he cited their contribution to lowering youth unemployment in the country by offering an internship program in government offices.

“We would like to thank the National Economic and Development Authority (NEDA) for recognizing our government internship program and JobStart Philippines as contributors to government interventions aimed at improving youth employability. We are proud to contribute to the continued decline in youth unemployment, ”said Bello.

On Thursday, the Philippine Statistics Authority (PSA) reported that the youth employment rate was estimated at 87.2% in October 2019, up from 86.7% in the same month a year ago.

He added that the unemployment rate in the Philippines hit a 14-year low in October as more people were hired during the period.

PSA data showed that the employment rate was estimated at 95.5% in October, up from 94.9% in the same month in 2018.

Likewise, he said the unemployment rate is 4.5%, compared to 5.1% recorded in October last year. (ANP)


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