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Lower in unemployment fee a constructive growth


The decrease in unemployment rates recorded in November 2024 is a positive development and a sign that the government is working to expand the country’s economy, House of Representatives Speaker Ferdinand Martin Romualdez said on Friday.Lower in unemployment fee a constructive growth

Home Speaker Ferdinand Martin Romualdez
HOUSE OF REPRESENTATIVES / FILE PHOTO

MANILA, Philippines — The lower in unemployment charges recorded in November 2024 is a constructive growth and an indication that the federal government is working to develop the nation’s economic system, Home Speaker Ferdinand Martin Romualdez stated on Friday.

In an announcement, Romualdez stated that experiences from the Philippine Statistics Authority (PSA) that unemployment numbers went down by 3.2 p.c in November — from 12.6 p.c the earlier month to 10.8 p.c — point out that the precise financial insurance policies are in place.

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“(The lower in unemployment and underemployment numbers) implies that the economic system continues to develop beneath the administration of President Ferdinand R. Marcos Jr. and continues to create job and earnings alternatives for our folks,” Romualdez stated.

“The fitting financial insurance policies are driving our development and producing jobs for jobless Filipinos. We’re blissful for many who have discovered employment and who’re working longer hours than earlier than,” he added.

In keeping with the Speaker, there are applications which can help folks nonetheless unemployed, just like the Ayuda sa Kapos ang Kita Program and the Help to People in Disaster Scenario, beneath the Division of Social Welfare and Improvement; and the Tulong Panghanapbuhay sa Ating Deprived/Displaced Staff of the Division of Labor and Employment.

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Moreover, Romualdez stated that jobless Filipinos can avail of coaching applications beneath the Technical Training and Abilities Improvement Authority, in order that they will effective tune their expertise and discover applicable jobs.

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“For many who stay unemployed, the federal government has varied applications to assist them. We hope that because the economic system grows and create extra jobs, they might finally discover employment,” he stated.

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Regardless of these developments, Romualdez additionally admitted that decreasing unemployment is a giant activity, which is why the Home commits to proceed serving to the federal government in stimulating the economic system.

“It’s a giant problem, which we hope to efficiently deal with for the good thing about all of our folks,” he stated.

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In keeping with the PSA, a nationwide survey of 11,276 households confirmed that there have been 1.66 million people who have been both jobless or out of enterprise in November, decrease than the 1.97 million recorded in October.

Moreover, the standard of accessible work additionally improved, in comparison with October 2024 when the unemployment fee went down however the high quality of jobs worsened.

READ: Unemployment fee down in Oct however job high quality worsened 

Regardless of these experiences, many Filipinos nonetheless really feel poor.  A Social Climate Stations (SWS) survey launched on Wednesday confirmed that 63 p.c of Filipinos surveyed thought-about themselves as poor — the very best quantity since 2003.

READ: SWS: Self-rated poverty at 63%, highest since 2003 

ACT Lecturers party-list Rep. France Castro criticized the Marcos administration for failing to handle poverty, claiming that it appears Malacañang is simply asking folks to endure hardships — because it resorts to including extra monetary burden to the general public with the proposed Mild Rail Transit Line 1 (LRT-1) fare hikes, and the contribution enhance for Social Safety System (SSS) members.

“Amidst rising prices of fundamental items and providers, the Marcos administration stays passive, leaving the Filipino folks to fend for themselves.  Electrical energy, water, and gas costs are skyrocketing, LRT fares are set to climb, and SSS premiums are rising, but Malacañang tells us to simply endure it. What sort of authorities permits its folks to undergo like this?” Castro requested.

“The federal government should act now to forestall additional struggling. We demand fast interventions to regulate the rising costs of necessities and to assessment financial insurance policies which have failed our folks,” she added.

READ: As extra Pinoys change into poor, ‘Palace tells us to simply endure it’ – Castro 

However, Assistant Majority Chief and Tingog party-list Rep. Jude Acidre assured the general public that the Home shall be a part of Marcos’ mission to combat poverty and guarantee meals safety.

Acidre burdened that the Home has constructed the quinta committee, which seeks to verify why costs of fundamental items and commodities haven’t decreased regardless of quite a few interventions.

“These figures spotlight the urgency of our work within the Home beneath the succesful management of Speaker Romualdez, whereas additionally underscoring the potential impression of the measures we’re setting up,” Acidre stated.  “Meals safety stays central to our efforts to alleviate poverty and enhance the standard of life for each Filipino household.”



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“We’re tackling the basis causes of meals insecurity. By making certain inexpensive meals for all, we’re addressing one of the vital urgent considerations of Filipino households,” Acidre stated.



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