This improvement, marking the second-lowest unemployment figure ever recorded, reflects the government's effective strategies in bolstering the job market, he said in a statement.
With 49 million Filipinos employed, an increase from last year, and a significant rise in quality job engagement, the country is on track to achieve its ambitious goal of reducing the poverty rate to below 10% by 2028, potentially even sooner with continued labor market enhancements, Recto explained.