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PIA Press Release
2007/09/12

DOLE says unemployment rate down by 2.7 percent

BAYOMBONG, Nueva Vizcaya (September 12) -- The country's unemployment rate continue to dive due to the innovative programs and projects of the Department of Labor and Employment(DOLE).

Undersecretary Romeo Lagman, in a press conference here last week said that based on the latest statistical survey conducted, the country's unemployment rate slided from 3.2 to 2.7 percent while deployment of Overseas Filipino Workers is within the average number of 1million.

He however admitted that the introduction of reform package program designed to minimize the number OFWs abroad also affected the demand in the labor market.

"We did this to minimize the deployment of low-skilled OFWs who are prone and vulnerable to cases of violence and abuse since they do not know their rights fully," Lagman said.

According to Lagman, while low skilled workers decreased with 7,000 this year

from 37,000 from January to August last year, their salaries increased from $150 to $400 a month which is now also being adopted by other domestic-sending countries like Thailand and Singapore.

He said the number of highly-skilled workers went up which is now the major factor why OFW remittances comparatively increased. (PIA NVizcaya) [top]

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