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Underemployment data bugs jobless picture

Business Mirror LogoBusiness Mirror10h ago

Underemployment data bugs jobless picture - Business Mirror

Quick Summary:

THE number of full-time Filipino employees looking for additional income sources increased in June 2024 when commodity prices remained elevated and preparations for the upcoming school year were under way.

THE National Economic and Development Authority (Neda) noted that still-significant employment growth was observed in Construction with an addition of 938,000 jobs and manufacturing with 353,000 jobs.“The government’s swift implementation of infrastructure projects and the continued improvement of operating conditions for manufacturing firms have led to these employment gains,” Balisacan said.“Increasing investments in renewable energy, water supply, and mining and quarrying have also supported employment growth in these areas,” he added.

The Neda Chief added that there was also a significant decline in part-time jobs at 1.5 million and vulnerable employment at 521,000 compared to last year.“To sustain these gains, we will persist in improving the country’s business climate to attract investments that generate higher-quality jobs.


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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 16:41:57 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1048 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21971867

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 49 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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