economics – Page 70 – Author Carlo Carrasco

Las Piñas City aims to improve local tourism

December 8, 2022December 6, 2022carlocarrasco

In Las Piñas City, the City Government announced that it will be ramping up its efforts to elevate local tourism and attract tourists (both local and foreign) according to a Manila Bulletin news report. For the newcomers reading this, the most popular tourist destination in the city is the Bamboo Organ which hosts an annual festival of music.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

Las Piñas supervising tourism operation officer Paul San Miguel said the city government will improve the approach in promoting local tourism.

San Miguel said he took a two-day master class together with other tourism officers in the National Capital Region (NCR) at the Mariot Hotel Clark in Pampanga to have a better perspective of the tourism industry and their role toward recovery.

The Department of Tourism (DOT) called on the tourism officers association to attend the master class on Nov. 28 and 29 to help promote tourism now that the country is slowly recovering from the effects of the Covid-19 pandemic.

San Miguel said DOT-NCR Regional Director Sharlene Zabala-Batin initiated the gathering of NCR tourism association officers to give them additional ideas in promoting most visited tourist attractions in their respective areas that will help in the recovery of the economy.

Let me end this piece by asking you readers: If you are a Las Piñas City resident, what is your reaction to this new development? When it comes to local tourism, how many times per year do you get to visit the Bamboo Organ? What other sites within the city do you find worthy of being tourist attractions? Do you think Las Piñas City should host special events like fashion shows, comic conventions (Comic Con) and film festivals which could potentially attract tourists into the city?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco/.

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

I Love Israel: Israel shares to the Philippines water management solutions

November 29, 2022November 25, 2022carlocarrasco

In recent times, the State of Israel engaged with the Philippines on managing water which is clearly an essential resource, according to a Manila Times news article. Israel’s Ambassador to the Philippines Ilan Fluss spoke at the meeting.

To put things in perspective, posted below is an excerpt from the Manila Times article. Some parts in boldface…

ISRAEL is offering innovative solutions to help the Philippines improve water resource management and conservation.

Israel’s Agency for International Development Cooperation and the United States Agency for International Aid shared with the Philippine government and local water concessionaires in the Philippines the expertise and experience of Israel on water resource management.

“Israel invested in technology to support the growing demand and urbanization in the country,” said Israeli Ambassador to the Philippines Ilan Fluss during a recent seminar.

The technologies, he said, “were introduced together with good policies and regulations that made Israel the leading country in the world in managing the water sector.“

“From desalination to reuse of sewage, minimum loss of water and more,” the ambassador said.

“Through this seminar, we hope that the Philippines’ key implementing agencies will gain insights from the Israeli experience and adapt them to local conditions,” he added.

He noted that Israel faced challenges in water conservation and management. The Middle East is a dry area and more than 50 percent of “Israel is actually desert,” he said.

The Israeli Embassy in Manila said National Water Resources Board Director Susan Abano shared the challenges that the Philippines faces as water availability continues to fall due to rising demand.

The embassy said that engineers Rodel Rik Tumanda and Jon Michael Esteban of Maynilad and Manila Water, respectively, as well as Metropolitan Waterworks and Sewerage System chief regulator Patrick Ty presented their perspectives on managing water scarcity.

“These were analyzed by the Israeli water delegation and presented advanced solutions to better manage the water sector of the country,” the embassy said in a statement.

“The Israeli companies highlighted Israel’s innovation and technology to inspire and encourage the Philippine water sector, businesses and local government units to invest in technologies that will help manage water sustainably,” it added.

Among the Israeli companies who presented their water technologies were ARAD Group, Atlantium, Okiana and Watergen.

For the newcomers reading this, Israel is known for innovation not only with technology and agriculture but also in water management and the development of new sources of water. Constant problems of water supply and resource handling here in the Philippines are not new anymore and the assistance we got from Israel is crucial. This is something we have to be very thankful to our Lord for and we should pray that the Philippine water stakeholders who attended the reported meeting will put into action what they learned from their Israeli counterparts so that water management in the country will be improved.

If you truly believe in Lord Jesus, the Holy Spirit and God the Heavenly Father wholeheartedly and you continue to be faithful (not religious), you should be aware that Christians are meant to stand united with Israel no matter what. You can do your part supporting Israel by donating to Christians United for Israel (CUFI). Do not forget to read the Holy Bible, then pray in tongues to the Lord in the privacy of your room with the door shut.

Always be the fearless and aggressive church of Lord Jesus! Always stand in support of Israel!

In ending this I Love Israel piece, posted below are Israel-related videos for your viewing pleasure and enlightenment.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

New Regus workspace facility opening soon in Las Piñas City

November 24, 2022November 22, 2022carlocarrasco

If you are looking additional space for work in Las Piñas City, a new workspace center (coworking space) by Regus will soon be established inside the Colours Town Center along Alabang-Zapote Road (by the corner of Marcos Alvarez Avenue) as a result of an agreement signed, according to a BusinessWorld news report.

To put things in perspective, posted below is an excerpt from the BusinessWorld report. Some parts in boldface…

INTERNATIONAL Workspace Group (IWG) recently inked a 10-year management agreement with Kyleson, Inc. to open a Regus franchise center in Las Piñas City.

The flexible workspace center, located within the Colours Town Center, will have 195 workstations and 1,200 square meters (sq.m.) of co-working desks, meeting rooms, and private offices. This will be the 26th Regus center in the Philippines.

“Our partnership with Colours Town Center combines our more than 30 years track record in equipping workspaces with the infrastructure and support services with ideal, modern locations to ensure employees experience the benefits of working wherever is most convenient for them without sacrificing productivity, or the benefits of collaboration,” Lars Wittig, IWG country manager, said in a statement.

Mr. Wittig noted worker preferences across Asia Pacific are shifting in favor of hybrid working, and companies that fail to adopt may lose their best workers.

“Adopting flexible working arrangements is crucial to business sustainability and long-term resilience,” he added.

Let me end this piece by asking you readers: If you are a Las Piñas City resident, what is your reaction to this new development? Are you excited learning that a new Regus coworking facility will be opened within the city? Do you consider Las Piñas City to be lacking of suitable office work space?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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President Marcos reaches out to France for strategic partnership on nuclear energy

November 23, 2022November 21, 2022carlocarrasco

As you should know by now, I personally favor the use of nuclear power as a key source of abundant energy for the entire Philippines (read my posts by clicking here and here). Nuclear power can produce very high amounts of energy required to power the economy and society and there is no way that solar and wind power could achieve that. Nuclear energy is the answer for the energy requirements of the Philippines and I am really glad that President Ferdinand “Bongbong” Marcos, Jr., reached out to French President Emmanuel Macron and specifically sought nuclear energy partnership during their high-level talk recently in Thailand, as reported by the Philippine Star.

To put things in perspective, posted below is the excerpt from the Philippine Star news article. Some parts in boldface…

President Ferdinand Marcos Jr. said he sought a partnership with France on nuclear energy during a bilateral meeting with French President Emmanuel Macron at the sidelines of the Asia-Pacific Economic Cooperation Summit in Thailand.

“I’m very confident that it will be a strong partnership simply because they have up to 67 percent of their power production is from nuclear energy so they are very, very used to it,” Marcos said, according to a release from Malacañang.

Marcos said he wanted to talk to Macron about energy because of France’s use of nuclear power, a controversial energy source that the Philippine president had long advocated for.

On the campaign trail, Marcos said the Philippines should look into reviving the 621-megawatt Bataan Nuclear Power Plant — a venture by his despot father and namesake which was mothballed in 1986 because of safety concerns.

During his first State of the Nation Address, Marcos reiterated his determination to adopt nuclear power, saying “it is time to re-examine our strategy towards building nuclear power plants.”

For some added insight into the Marcos-Macron meeting, watch the videos below…

In my honest opinion, it is high-time for the Philippines to move forward with enhancing the entire national power grid by using nuclear power. To invest tons of money on wind and solar power will only produce minimal new energy and the fact remains that the said two types of energy are unreliable. On the social aspect of nuclear energy, I encourage my fellow Filipinos reading this to stop being fearful about anything nuclear and pay close attention to the latest in nuclear power technology, specifically with small modular reactors (SMRs). Learn about them by clicking here and here.

Let me end this piece by asking you readers: What is your reaction to this recent development about the Philippines reaching out to France for a nuclear power partnership? Are you glad that President Marcos specifically sought partnership during his bilateral talk with the President of France?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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What to watch on YouTube right now – Part 3

November 22, 2022November 24, 2022carlocarrasco

Have you been searching for something fun, enlightening or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you watch the following videos below…

#1 Worship videos of “O Praise The Name (Anástasis)” – I love the worship song O Praise The Name (Anástasis) written by Marty Sampson, Benjamin Hastings and Dean Ussher, and published by Hillsong Music. Its lyrics were clearly written to lead people to the Lord and to encourage them to worship Him. One of these days, I will do a Christian Music Appreciation (CMA) piece of the worship song. For those who are reading this, watch the worship videos below from Hillsong Worship, Hillsong United and Bethel Music. This could also be the worship song your local church could play on Sunday worship services.

#2 The history of Secret Wars – In the history of American superhero comics, the Secret Wars (full title: Marvel Super Heroes Secret Wars) series of 1984-1985 remains highly significant not just because it featured a unique gathering of selected superheroes and super villains of Marvel (then led by Jim Shooter as editor-in-chief) but also because of the creative impact it left behind especially with regards to Spider-Man stories and the eventual debut of his deadliest villain – Venom. Secret Wars also marked the debut of the Beyonder, a god-like entity who would impact the Marvel Comics universe later. Apart from its enduring legacy, there were also some notable things that happened behind the scenes leading to the publishing. Watch and learn from the video below.

#3 Ashleigh Burton’s reaction videos of Schwarzenegger movies – For this segment, we take a look at how Ashleigh Burton reacts to movies of the famous Arnold Schwarzenegger. She reacted to two Terminator flicks and Predator which are Schwarzenegger classic but she still has yet to do a Total Recall (1990) video. I urge you to visit her YouTube channel.

#4 Fashion versus videos – If you have not been following the videos published by SHIFT online, there are these versus-type of videos they released on their YouTube channel. Months ago, they published videos pitting popular models in key match-ups and they are posted below for your viewing pleasure.

#5 Looking back at Steven Spielberg’s Jurassic Park – Are you one of the many moviegoers out there who have gotten upset or tired with the way that Jurassic Park movies turned out, especially with the Jurassic World movies released since 2015? I noticed a lot of movie fans pointed to Jurassic World movies as dumb and bloated even as the filmmakers did what they could to sell dinosaurs and action sequences to entertain people. In times like these, it is refreshing to return to the original Jurassic Park movie of 1993 directed by Steven Spielberg. Watch the following movie reaction/review videos below plus a trivia video and an in-depth retrospective video.

#6 The FTX financial disaster – You heard the recent news about the major disaster of FTX that rocked the financial systems? Are you one of the many people who idolized Sam Bankman-Fried (SBF)? Did you pour your hard-earned money into the FTX cryptocurrency exchange and lost it all? Watch this video by Coldfusion to understand the details.

#7 The struggle of Starbucks Coffee in Vietnam and South Africa – Previously I posted a video about Starbucks’ own struggle in Australia whose coffee market has been highly developed long before the American coffee giant entered. There are also two notable markets where Starbucks also struggled in – Vietnam and South Africa. Watch the videos below to find out why. This is not only interesting but also educational.

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Kadiwa bazaar in Muntinlupa City nets over P530,000 in first two days

November 18, 2022November 17, 2022carlocarrasco

In the progressive city of Muntinlupa, the Kadiwa bazaar held at the quadrangle at City Hall generated over P530,000 in sales in the first two days, according to a Manila Bulletin news report. The said bazaar is a special project involving the City Government, the Department of Trade and Industry (DTI), the Department of Agriculture (DAR), and the Department of Social Welfare and Development (DSWD).

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

The two-day Kadiwa Christmas bazaar at the Muntinlupa City hall quadrangle generated nearly P536,000 in sales to sellers.

The Kadiwa bazaar, an initiative of the Department of Agriculture in partnership with the Muntinlupa City government, Department of Trade and Industry, and Department of Social Welfare and Development, was held on Nov. 15 and 16.

Showcasing different Muntinlupa-made products, the Kadiwa bazaar was launched by Mayor Ruffy Biazon and DTI Asst. Sec. Dominic Tolentino on Nov. 15.

According to Biazon, “Gusto natin ma-promote ang produkto ng Lungsod ng Muntinlupa, dahil tayo ay proud (We want to promote Muntinlupa-made products because we are very proud of them).”

“Ang sagot sa kaunlaran ay nagkakaisang mamamayan (A united citizenry contributes to a progressive economy),” said Tolentino, a Muntinlupa resident.

On the first day, the bazaar generated P326,421 in sales and P209,223 on Nov. 16 for a total of P535,644 in two days.

Other officials at the launch of KADIWA were City Administrator Allan Cachuela, DA-ESO head Marilou Lobo, Alabang Central Market Administrator Randy Garcia, and Cristine Evangelista of DTI.

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this development? Do you want to see more bazaars in the city selling more Muntinlupa-made products? Are you more confident now to spend time in bazaars or shopping centers knowing that COVID-19 can be avoided? Are the recent news reports highlighting the Department of Health’s (DOH) recent statements about COVID-19 infections making you afraid to go out?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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What to watch on YouTube right now – Part 2

November 15, 2022November 18, 2022carlocarrasco

Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you watch the following videos below…

#1 Minty Comedic Arts’ entertainment trivia videos – I don’t know with you but I enjoy the entertaining approach by Australia-based YouTuber Minty Comedic Arts on explaining trivia related to entertainment. He does his research online, utilizes available content related to the subject matter and does his thing on explaining trivia. He can be quite funny to watch. To start with, watch his videos about The Blob (1958), Friday The 13^th Part 3 (1982) and Ghostbusters (1984).

#2 Worship music videos of Planetshakers – For the newcomers reading this, Planetshakers is a Christian church based in Australia and their very anointed music team produced a lot of original worship songs and music videos that are all engaging for those who need to come to the Lord. Planetshakers’ has always been successful in leading the praise of the Lord and you should read about my Planetshakers worship event experience by clicking here. I should also state that prayers led by Pastor Sam Evans are always powerful and deeply compelling for your faith. Remember that Jesus is the Lord and Savior! That being said, posted below for you are worship music videos of Planetshakers.

#3 More Ashleigh Burton reaction videos – I always enjoy watching Ashleigh Burton’s movie reaction videos as her style, approach and ways of reacting are fun to see. Posted are more for your entertainment. There is a lot to enjoy on her YouTube channel.

#4 Wind and solar power are truly UNRELIABLE – Let’s be clear here. Renewable forms of energy such as solar and wind are truly unreliable and they cannot provide the abundant amount of energy needed by the people, businesses and societies in general. Fossil fuel is polluting but it is more reliable as it can produce abundant energy. Wind and solar power are, at best, additive forms of energy. Learn from the videos below.

#5 Looking back at Xenogears – If you were an avid console gamer back in the 1990s who had a PlayStation and you were focused on Japanese role-playing games (JRPGs), chances are you would have at least heard of Xenogears from Squaresoft (Square Enix’s previous name). While it did not come close to the Final Fantasy games of the time in terms of commercial and critical success, Xenogears remains highly memorable for those who played it and it still has a dedicated following to this day. I myself played Xenogears on my PlayStation in 1998 but I never got to finish it. As such, I would really love it if Square Enix would remaster the game and release it on the Xbox ecosystem (including Windows PC) someday. The production history of Xenogears alone is astonishing to research. Watch the videos below.

#6 X-Men: Fatal Attractions revisited – The 1990s was a wild time when it comes to reading superhero comic books. Apart from the sudden rise of Image Comics and other smaller publishers who collectively gave Marvel and DC a challenge in the market, there was also the comic book speculator boom, a rise of crossover storytelling and the sudden need by certain comic book creators to change the status quo on the franchises they worked on. In 1993, Marvel Comics celebrated the 30^th anniversary of the X-Men and creators who handled the X-Men-related comic books came up with the Fatal Attractions storyline. Fatal Attractions was not exactly a crossover tale, but it had central themes and elements – notably the return of Magneto from his “death” – that affected the X-Men-related monthly comic books of the time. Read my retro reviews here, here and here. Watch the videos below.

#7 Games coming to Xbox in 2023 – If you are an Xbox gamer who has been disappointed with the lack of big-time Xbox-exclusive games this year, then your disappointment will end as a fine mix of exclusive and 3^rd party games will come to Xbox platforms and some of them will come to the Xbox Game Pass (XGP) service. Watch the videos below.

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“Hired on the Spot” employment program in effect in Las Piñas City

November 15, 2022November 14, 2022carlocarrasco

In the City of Las Piñas, a special program was recently launched to provide employment to local workers who were displaced by the pandemic, according to a Manila Bulletin news report.

To put things in perspective, posted below is the excerpt from the Manila Bulletin report. Some parts in boldface…

The Las Piñas Public Employment Service Office (PESO) conducted house interviews as part of its weekly employment facilitation program called “Hired on the Spot” on Monday, Nov. 14.

Mayor Imelda Aguilar said the “Hired on the Spot” program is being conducted by PESO, in coordination with the Department of Labor and Employment (DOLE), with the goal of ensuring prompt and efficient delivery of employment facilitation services.

Aguilar said the program also aims to provide employment to workers displaced by the pandemic, particularly to Las Piñas residents.

She said over 150 applicants send their resume daily to PESO and around 40 percent of the applicants get hired on the spot.

The mayor said that in addition to PESO house interviews, booths are also set-up in the city’s different barangays and partner establishments.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Did you notice if the number of members of your local community remained unemployed? Do you consider unemployment a major problem in your city right now?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Philippine economy grew 7.6% in the 3rd quarter

November 14, 2022November 10, 2022carlocarrasco

You may not feel it but the economy of the Philippines grew by 7.6% in the 3^rd quarter this year according to the recent announcement published by the Philippine News Agency (PNA). This is very encouraging news following the recent report of the falling unemployment in the country. Indeed, the nation continues to rise after suffering from the COVID-19 crisis’ downturn.

To put things in perspective, posted below is the excerpt from the PNA news article. Some parts in boldface…

The Philippine economy grew at a faster rate in the third quarter of the year at 7.6 percent, higher than the revised gross domestic product (GDP) growth in the second quarter at 7.5 percent, the Philippine Statistics Authority (PSA) reported Thursday.

In a press conference, PSA Undersecretary Dennis Mapa said this is the sixth consecutive quarter that the economy recorded expansion.

The country’s GDP growth from July to September 2022 is also higher than the 7-percent increase in the same period in 2021.

“The third quarter’s GDP exceeded the median analyst forecast of 6.3 percent,” National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said.

Balisacan said the average GDP growth for the first nine months of the year stood at 7.7 percent.

“With this, we are on track to achieving the government’s growth target of 6.5 to 7.5 percent for 2022. Given the latest GDP outturn, our economy needs to grow by 3.3 to 6.9 percent in the fourth quarter,” he said.

The PSA reported that all major industries improved their performance in the third quarter of 2022 compared to the same period last year, with agriculture, forestry and fishing growing by 2.2 percent; industry, rose to 5.8 percent; and services, up by 9.1 percent.

Services contributed 5.8 percentage points to the 7.6 percent GDP growth in the third quarter, followed by industry which shared 1.6 percentage points, and agriculture, forestry and fishing at 0.2 percentage points.

By industry, wholesale and retail trade, repair of motor vehicles and motorcycles contributed 1.9 percentage points to the GDP growth in July to September period, followed by financial and insurance services at 0.77 percentage points and construction at 0.76 percentage points.

Compared to last year, the sector of accommodation and food service activities expanded by 40.6 percent, which is the largest across industries. Transportation and storage also improved by 24.3 percent and construction increased by 12.2 percent.

“This economic performance largely benefitted from the further easing of mobility, including the resumption of face-to-face classes, which boosted consumption among Filipinos,” Balisacan said.

The NEDA chief added that the relaxation of borders and simplifying travel protocols supported the recovery and growth of local tourism and other sectors.

In terms of spending, household final consumption expenditure is the largest contributor to GDP in the previous quarter at 5.9 percentage points, exceeding the share of construction at 1.5 percent percentage points, durable equipment at 0.7 percentage points, and government final consumption expenditure at 0.1 percentage points.

In relation to the above news, President Ferdinand “Bongbong” Marcos, Jr. recently visited Cambodia and there he invited the nation’s business leaders to invest in the Philippines. Posted below is an excerpt from the report of GMA Network news. Some parts in boldface…

“We would like to invite at the very least, for you, to have a look at the opportunities that are available. And finally I suppose at some point, since we are not so far away, to come and we will explain to you exactly what we have done and why we have done it and where we have arrived in that process of transforming the economy,” Marcos told business leaders during a roundtable meeting.

“I do not talk about recovery of the economy, I talk about transformation of the economy because the new economy is going to be different from everything that we did in 2019. And so this is what we are looking forward to and I hope to see you all in the Philippines soon,” he added.

Let me end this piece by asking you readers: What is your reaction to this recent announcement about the state of the Philippine economy? Do you look forward to a more prosperous year in 2023? Are you planning to open a new business soon? If you are an investor, are you confident about investing in the stock market and in companies?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Unemployment in the Philippines falls down further, the lowest in more than two years

November 10, 2022November 8, 2022carlocarrasco

As the Philippines continues to keep on recovering from the damage of COVID-19, the national authorities reported that unemployment in the country fell down further achieving a 2-year low, according to a news article published by the Philippine News Agency (PNA). This is really good news because economic growth and continued employment are very essential right now. It should also be stated that immunity from COVID-19 is better now that many millions of Filipinos have gotten vaccinated and/or boosted.

To put things in perspective, posted below is the excerpt from the PNA news article. Some parts in boldface…

Unemployment rate in September 2022 stood at 5 percent, the lowest in more than two years, the Philippine Statistics Authority (PSA) reported Tuesday.

In a press conference, PSA chief and national statistician Undersecretary Dennis Mapa said the number of unemployed Filipinos in September fell to 2.5 million, or 183,000 lower than the 2.68 million citizens with no jobs the previous month.

The number of jobless Filipinos during the month was also lower by 1.78 million from 4.28 million unemployed a year ago.

“This means 50 out of 1,000 individuals in the labor force have no job,” Mapa said in Filipino.

On the other hand, employment rate in September 2022 was at 95 percent, which translates to 47.58 million Filipinos who have jobs.

This is higher than the August 2022 employment rate of 94.7 percent, and also higher than the September 2021 rate of 91.1 percent.

He identified sectors with largest month-on-month increase in employment. These include manufacturing, up by 780,000 jobs; education, up by 159,000 jobs; public administration and defense, compulsory social security, up by 128,000 jobs; transportation and storage, up by 56,000 jobs; and real estate activities, up by 13,000 jobs.

Meanwhile, underemployment rate also increased to 15.4 percent in September this year from 14.7 percent in its previous month. This means 296,000 more employed Filipinos want to have additional hours of work in their present job or an additional job.

Despite challenges concerning inflation, Mapa is optimistic that the country will sustain unemployment rate near the 5-percent level for the remaining months of the year.

He added the average unemployment rate for this year is close to the pre-pandemic level, which is at 5.1 percent in 2019.

Mapa said the average unemployment rate for the first nine months of the year stood at 5.8 percent.

The above article ended stating that the Philippines had an unemployment rate of 17.6% in April 2020 or shortly after the first COVID-19 lockdown. For the year 2020, the average unemployment rate was at 10.4%

Let me end this piece by asking you readers: What is your reaction to this recent announcement about the state of unemployment in the country? Do you feel confident that 2023 will be a better economic year and that more of the unemployed will be able to find new jobs?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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