At a news conference, PSA head Dennis Mapa said about 1.83 million people were jobless in November last year, while about 2.09 million were unemployed in October 2023, and around 2.18 million were out of work in November 2022.
National Economic and Development Authority Secretary Arsenio Balisacan said that the November unemployment rate was the lowest recorded since the statistics agency introduced a new methodology for measuring the labor force survey in 2005.
He stressed the need to expand the digital economy in the country, including the digitalization of micro, small, and medium enterprises and startups to address the declining labor force and increase labor market gains in 2024 and beyond.
"Digitalization enables alternative work arrangements, particularly for the youth, women, and those in the creative sector," Balisacan said.
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