The Department of Labor and Employment said, that the national government’s move to ease the country’s quarantine restrictions and open the economy would boost the employment rate nationwide.
Following the report that there are almost three million jobless Filpinos, the Department of Labor and Employment said on Saturday, March 19, that the national government’s move to ease the country’s quarantine restrictions and open the economy would boost the employment rate nationwide.
“The 6.4 percent unemployment rate was achieved despite keeping most regions under Alert Level 3. The employment rate significantly increased by one percentage point – from 92.6 percent in October 2021 to 93.6 percent in January 2022,” DOLE said in a statementLikewise, labor force participation has decreased by over a million from 47.330 million in October 2021 to 45.943 million in January due to tighter restrictions imposed after the surge of cases following the holiday season.