According to the National Statistics Office’s Labor Force Survey, more number of jobs was created than number of people who joined current jobseekers.
From 33.54 million people who are employed last year, it shows an increase to 34.99 million this year.
Underemployment, or those who were working under 40 hours a week, rose to 18.9 percent from 18.2 percent in January. The figure was down from 19.8 percent in April last year, NSO reported.
Economic Planning Secretary Ralph Recto is very delighted with the impressive improvement.
He noted, “It is worth noting that the unemployment rate in April this year was almost as good as the April 2007 unemployment rate of 7.4 percent, the year when the economy had posted a 7.1-percent growth,”
The Department of Labor and Employment, on the other hand, was very happy that all their efforts, organizing nationwide job fairs is paying off. They say that the government’s effort to mitigate the effects of the crisis on labor were effective.
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