File Photo Manila The Country 39s Unemployment Rate Fell To 7 4 Percent In October From 8 9 September As Restrictions Eased Most Areas Across News Today : Breaking News, Live Updates & Top Stories | Vimarsana

File photo MANILA - The country's unemployment rate fell to 7.4 percent in October from 8.9 percent in September as restrictions eased in most areas across the country, the Philippine Statistics Authority (PSA) reported Tuesday. The unemployment rate for October is the third-lowest for this year, only behind July data at 6.9 percent and March data at 7.1 percent. In a joint statement, Socioeconomic Planning Secretary Karl Kendrick Chua, Finance Secretary Carlos Dominguez III, and Budget and Management officer-in-charge Tina Rose Marie Canda said the unemployment numbers proved that the country is on track for "strong and early recovery." "The October 2021 labor force survey results affirmed the soundness of the government's push to safely reopen the economy, restore employment, and manage the spread of Covid-19 (coronavirus disease 2019). As we relaxed restrictions to Alert Level 2, more people were able to work while Covid-19 positivity, case fatality, and bed o ....

Karl Kendrick Chua , Tina Rose Marie Canda , Philippine Statistics Authority , Finance Secretary Carlos Dominguez , Alert Level , File Photo Manila The Country 39s Unemployment Rate Fell To 7 4 Percent In October From 8 9 September As Restrictions Eased Most Areas Across , He Philippine Statistics Authority Psa Reported Tuesday The Unemployment Rate For October Is Third Lowest This Year , Nly Behind July Data At 6 9 Percent And March 7 1 Ina Joint Statement , Ocioeconomic Planning Secretary Karl Kendrick Chua , Inance Secretary Carlos Dominguez Iii , Nd Budget And Management Officer In Charge Tina Rose Marie Canda Said The Unemployment Numbers Proved That Country Is On Track For Quot Strong Early Recovery October 2021 Labor Force Survey Results Affirmed Soundness Of Government 39s Push To Safely Reopen Economy , Restore Employment , Nd Manage The Spread Of Covid 19 Coronavirus Disease 2019 As We Relaxed Restrictions To Alert Level 2 , Ore People Were Able To Work While Covid 19 Positivity , Case Fatality , Nd Bed Occupancy Rates Continued To Improve , Uot The Economic Managers Said They 234 , 000 Jobs Were Added To The Labor Market In October , Ringing The Total Employment To 1 3 Million Above Pre Pandemic Levels Quot Better Outcomes In October Were Driven By Government 39s Policies That Further Reopened Economy Safely , Uch As Shifting To The Alert Level System And Granular Lockdowns From Large Area Blanket Quarantines Allowing More Mobility For Vaccinated Individuals , Uot They Added On The Other Hand , Nderemployment Increased To 16 1 Percent In October From 14 2 As More Filipinos Desire Have Additional Work Hours Their Present Jobs , R To Have An Additional Job , R To Havea New Job Witha Longer Work Period The Labor Force Participation Rate Slightly Slowed Down 62 6 Percent From 63 3 In Same Economic Managers Said Government Will Push For Its 10 Point Agenda Shift Froma Pandemic An Endemic Paradigm Includes Metrics , Healthcare Capacity , Conomy And Mobility ,