Employment rate picked up to 90 percent in July compared to the record low of 82.3 percent in April. It was, however, lower than the employment rate of 94.6 percent in the same month last year. This corresponds to about 7.1 million underemployed workers from 6.4 million in April and 6.4 million a year ago. Chua said the recently passed Bayanihan 2 aid Covid recovery package, the government’s Build, Build, Build program, and the 2021 budget will help boost growth and job prospects. Chua projected some 1.1 million direct and indirect jobs this year and 1.7 million next year would be created because of the Build, Build, Build program.

Source: Manila Times September 03, 2020 16:18 UTC