THE Department of Agriculture (DA) said strategic infrastructure investments are needed to stabilize employment in agriculture, with recent job gains in the industryTHE Department of Agriculture (DA) said strategic infrastructure investments are needed to stabilize employment in agriculture, with recent job gains in the industry

Agri infrastructure investment seen boosting farm employment

THE Department of Agriculture (DA) said strategic infrastructure investments are needed to stabilize employment in agriculture, with recent job gains in the industry attributed to seasonal factors.

“If the Department of Agriculture can create more permanent jobs by building the right infrastructure, including food hubs, cold storage facilities, agricultural ports, and food processing complexes, then we will not only uplift the lives of those who till our lands and fish our seas. We will also position agriculture as a far stronger contributor to the broader economy,” Agriculture Secretary Francisco P. Tiu Laurel, Jr. said in a statement. The Philippine Statistics Authority reported recently that agriculture employed 10.44 million workers in October, accounting for 21.5% of the national workforce. 

Employment in agriculture rose 1.85 million jobs from July, the largest sectoral increase. However, according to the DA, the growth likely reflected seasonal harvest cycles rather than sustained improvement.

Agriculture also accounted for 32.9% of the 2.54 million workers deemed underemployed in October.

The DA said the data highlight the need to address the seasonality of work and underemployment while strengthening agriculture’s contribution to the economy.

“Agriculture can create jobs quickly, but the responsibility of the DA is to ensure those jobs become lasting and stable,” Mr. Laurel said. Vonn Andrei E. Villamiel

Market Opportunity
AgriDex Logo
AgriDex Price(AGRI)
$0.00646
$0.00646$0.00646
0.00%
USD
AgriDex (AGRI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum Options Expiry Shows Risks Below $2,900

Ethereum Options Expiry Shows Risks Below $2,900

The post Ethereum Options Expiry Shows Risks Below $2,900 appeared on BitcoinEthereumNews.com. Ether (ETH) has been unable to sustain prices above $3,400 for the
Share
BitcoinEthereumNews2025/12/25 10:24
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

The post Fed forecasts only one rate cut in 2026, a more conservative outlook than expected appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, fewer than expected, according to its median projection. The central bank’s so-called dot plot, which shows 19 individual members’ expectations anonymously, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026. That compares to a median estimate of 3.6% for the end of this year following two expected cuts on top of Wednesday’s reduction. A single quarter-point reduction next year is significantly more conservative than current market pricing. Traders are currently pricing in at two to three more rate cuts next year, according to the CME Group’s FedWatch tool, updated shortly after the decision. The gauge uses prices on 30-day fed funds futures contracts to determine market-implied odds for rate moves. Here are the Fed’s latest targets from 19 FOMC members, both voters and nonvoters: Zoom In IconArrows pointing outwards The forecasts, however, showed a large difference of opinion with two voting members seeing as many as four cuts. Three officials penciled in three rate reductions next year. “Next year’s dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook, muddied by labor supply shifts, data measurement concerns, and government policy upheaval and uncertainty,” said Seema Shah, chief global strategist at Principal Asset Management. The central bank has two policy meetings left for the year, one in October and one in December. Economic projections from the Fed saw slightly faster economic growth in 2026 than was projected in June, while the outlook for inflation was updated modestly higher for next year. There’s a lot of uncertainty…
Share
BitcoinEthereumNews2025/09/18 02:59
Arizona Senator Proposes Exempting Bitcoin and Crypto from Taxes

Arizona Senator Proposes Exempting Bitcoin and Crypto from Taxes

Understanding the specific tax exemption proposal's scope, mechanics, and limitations provides foundation for evaluating feasibility and implications. The exemption presumably covers capital gains taxes on cryptocurrency appreciation at state level, though personal income tax and corporate tax treatment requires clarification. Scope questions include whether exemption applies to trading profits, mining income, staking rewards, DeFi yields, NFT sales, and business cryptocurrency revenue.
Share
MEXC NEWS2025/12/25 11:47