BACOLOD CITY, June 12 (PNA) — The percentage of unemployed individuals in the metro is much better compared to the national scale, according to Public Employment Services Office Chief Moises de la Cruz.
De la Cruz said the city’s unemployment rate is down to 6.2 percent compared to 7.5 percent in the national level this first quarter of the year.
The national average increased from 7.10 percent in the fourth quarter of 2012 but the city alone is experiencing a downtrend, De la Cruz stressed.
He also added that the percentage of underemployed individuals in the metro is also lower at 19.6 percent compared to previous statistics.
He then cited the city government’s continues effort to address the problem on joblessness by attracting more businessmen to invest in the metro.
In fact, the city has been previously recognized as the “Center of Excellence” for IT-BPM industry alongside with Metro Manila, Metro Clark and Metro Cebu.
Prior to its elevation, Bacolod City ranked 5th in the Top 10 Next Wave Cities in 2009 and ranked 3rd in 2010 and 2011.
The cost of doing business here is also good as the study of Asian Institute of Management placed the city as second growth center in the country and champion in terms of business environment.
“The most important for local government unit is to keep its economy robust. If its people are employed they becoming asset to the government for they are making the economy active,” De la Cruz said. (PNA)