Recto: PH labor force remains vibrant as unemployment rate continues to drop way below the 2024 full-year target
Finance Secretary Ralph G. Recto highlighted the sustained strength of the country’s labor market as the unemployment rate fell to 3.9% in October 2024, bringing the year-to-date average to 4.0%—well below the full-year target range. The Philippine Development Plan sets the
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TAG CREATE MORE (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy), Department of Energy (DOE), Department of Finance (DOF), Department of Labor and Employment (DOLE), Enterprise-Based Education and Training (EBET) Framework Act, Green Skills for Green Jobs program, Information Technology and Business Process Association of the Philippines (IBPAP), National Economic Development Authority (NEDA), Philippine Development Plan, Ralph Recto, Trabaho Para sa Bayan (TPB) Plan