LOOK: Unemployment Rate Fell To Its Lowest Level In More Than 11 Years, WOW!

Change has come!
Unemployment Rate Fell To Its Lowest Level
Data released by the Philippine Statistics Authority (PSA) on Tuesday, December 13, tells last October 2016, unemployment rate fell to its lowest level in more than 11 years.

GMA News reported that:

According to the latest Labor Force Survey (LFS), the unemployment rate registered at 4.7 percent, the lowest since registering at 26.1 percent in April 2005 when the government adopted the United Nations definitions of employment and unemployment. This was also an improvement from 5.6 percent in October 2015.
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National Economic and Development Authority (NEDA) also tells the latest employment rate is the highest in all of the previous October rounds of the LFS since 2006.

“This means that the growth of our economy is becoming more inclusive as it engages more and more Filipinos to participate in the labor market,” said Socioeconomic Planning Secretary Ernesto Pernia.
PSA also said,

"Of the total employed persons in October 2016, 65.9 percent were full-time workers, while 33.3 percent were part-time workers."
Department of Labor and Employment Secretary Silvestre Bello III has said ending contractualization in government will be the priority of the department under his leadership.

Meanwhile, President Rodrigo Duterte last August warned companies to stop "endo" and take notice of Philippine laws which prohibit the premature ending of employment contracts or face closure.