{"id":277588,"date":"2020-12-03T10:29:00","date_gmt":"2020-12-03T15:29:00","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=277588"},"modified":"2020-12-03T10:29:00","modified_gmt":"2020-12-03T15:29:00","slug":"unemployment-eases-to-8-7-in-october","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/12\/03\/unemployment-eases-to-8-7-in-october\/","title":{"rendered":"Unemployment eases to 8.7% in October"},"content":{"rendered":"
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FILE: Passengers wait for public transport vehicles along Quezon Avenue in front of Sto. Domingo Church in Quezon City on a rainy Friday (Oct. 9, 2020). (PNA photo by Joey O. Razon)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0\u2013 The country’s unemployment rate has eased to single-digit in October, coming from a high of 17.7 percent in April and 10 percent in July.<\/p>\n

The Philippine Statistics Authority (PSA) reported Thursday that the number of unemployed Filipinos in October slowed down to 8.7 percent, a sign of economic recovery.<\/p>\n

This means 800,000 jobs were brought back into the labor market in October, PSA said.<\/p>\n

\u201cThis\u00a0improvement in the\u00a0unemployment\u00a0rate\u00a0was driven by the reopening of the economy\u00a0and it could have been lower if the economy were opened\u00a0further,\u00a0coupled with the provision of safe and sufficient public transport,\u201d said Acting Socioeconomic Planning Secretary Karl Kendrick Chua.<\/p>\n

He added that the recent typhoons in the latter half of October resulted in significant employment loss in the agriculture sector.<\/p>\n

PSA data show that job losses in agriculture from July to October reached 1.1 million, or 70 percent of the 1.5 million jobs lost between the said period.<\/p>\n

On the other hand, this was tempered by the services sector as 300,000 jobs were back due to further relaxation of quarantine restrictions and the safe and gradual reopening of more business establishments and activities.<\/p>\n

\u201cIt\u2019s a good sign of recovery as we have continued the gradual and safe reopening of the economy, although we are not yet at pre-Covid levels of 5 percent,\u201d Trade Secretary Ramon Lopez told the Philippine News Agency.<\/p>\n

\u201cWe were expecting the unemployment rate to be back at single-digit level.\u00a0 It would have been better of course if there were lesser restrictions and calamities that hit the country,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 The country’s unemployment rate has eased to single-digit in October, coming from a high of 17.7 percent in April …<\/p>\n","protected":false},"author":44,"featured_media":271943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-277588","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/277588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=277588"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/277588\/revisions"}],"predecessor-version":[{"id":277589,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/277588\/revisions\/277589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/271943"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=277588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=277588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=277588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}