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Manila Bulletin devider Business devider NEDA applauds law tackling unemployment

NEDA applauds law tackling unemployment

Published Sep 27, 2023 01:10 am

At A Glance

  • The Trabaho Para sa Bayan (TPB) Act is supported by the National Economic and Development Authority (NEDA), saying it aligns with the Philippine Development Plan 2023-2028.<br>The TPB Act aims to address unemployment, underemployment, youth unemployment, informality in work arrangements, and the reintegration of overseas Filipino workers.<br>The law establishes the TPB Inter-Agency Council chaired by the NEDA Secretary that conducts comprehensive analyses of the employment situation and labor market.<br>It ensures efficient resource utilization and coordination among government agencies.<br>The TPB Act facilitates stronger collaboration and partnership among relevant agencies and stakeholders.<br>The TPB Plan serves as the government's masterplan for employment generation and recovery that focuses on improving employability, upskilling, and reskilling initiatives.

The National Economic and Development Authority (NEDA) has welcomed the signing of the Trabaho Para sa Bayan (TPB) Bill into law.

Senate Majority Leader Joel Villanueva filed the measure with the aim of tackling various labor market challenges such as unemployment, underemployment, youth unemployment, the growing informality of work arrangements, and the reintegration of overseas Filipino workers.

"We support the Trabaho Para sa Bayan Act as it contributes to the Philippine Development Plan 2023-2028, which aims to increase employability, expand access to employment opportunities, and achieve shared labor market governance," NEDA Secretary Arsenio M. Balisacan said in a statement.

The comprehensive plan will focus on improving the employability and competitiveness of Filipino workers through upskilling and reskilling initiatives.

It will also provide support for micro, small, and medium enterprises and industry stakeholders.

The law institutionalizes the TPB Inter-Agency Council, chaired by the NEDA Secretary, which will conduct a comprehensive analysis of the employment situation and labor market in the country.

The council is also tasked to ensure the effective use of resources, harmonizing and complementing all governmental efforts.

In addition, the TPB-IAC will also assist local government units in planning, devising, and implementing employment generation and recovery plans and programs within their respective localities, ensuring they are aligned with the TBP.

"With the passage of the TPB, this will facilitate stronger coordination and partnership among relevant agencies and stakeholders for the efficient implementation of employment programs," the NEDA chief further said.

The TPB Plan, according to NEDA, serves as the State's master plan for employment generation and recovery.

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Arsenio Balisacan National Economic Development Authority (NEDA)
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