Latest news with #Php4.35
Filipino Times
03-05-2025
- Business
- Filipino Times
Marcos: Unemployment rate drops to 4.3% in 2024, lowest in 20 Years
President Ferdinand R. Marcos Jr. announced that the Philippines recorded a 4.3% unemployment rate in 2024, the lowest figure in two decades. He made the statement during the 123rd Labor Day celebration held in Pasay City, citing improvements in the country's labor market. 'Dulot ng masiglang ekonomiya, noong nakaraang taon, naabot natin ang pinakamababang unemployment rate sa loob ng 20 taon – 4.3 percent. Pinakamababa sa 20 taon,' Marcos said. 'Patuloy ang pagbuti ng kalagayan ng ating labor market. Nitong Pebrero bumaba pa sa 3.8 percent ang unemployment rate nation.' Marcos attributed the lower unemployment rate to the government's push to bring in more foreign and local investors to the country. From 2022 to 2024, the Philippines saw US$27 billion in investments and over Php4.35 trillion in total investments through Investment Promotion Agencies, which are government offices that help promote the country to investors. These investments are expected to result in over 350,000 new jobs across the country. The President also highlighted the government's effort to organize job fairs nationwide, in cooperation with the private sector. Over 4,000 job fairs have been held since July 2022, with nearly one million job seekers participating and almost 170,000 hired on the spot.
Filipino Times
02-05-2025
- Business
- Filipino Times
Marcos orders monthly job fairs to help more Filipinos get hired
President Ferdinand R. Marcos Jr. has ordered the Department of Labor and Employment (DOLE) to hold monthly job fairs to help more Filipinos find work. He made the announcement during the 123rd Labor Day celebration in Pasay City, saying it is part of his goal to create more job opportunities for the public. From July 2022 until February this year, more than 4,000 job fairs have been held nationwide. About 1 million Filipinos participated, and nearly 170,000 were hired on the spot. As part of this year's Labor Day activities, the government and private companies have organized job fairs in 69 locations since April 23. President Marcos said the government is working with local and foreign investors to create more jobs in the country. He reported that from 2022 to 2024, the Philippines secured around US$27 billion in investments and over Php4.35 trillion in total investment pledges, helping to generate more than 350,000 jobs nationwide.
