With more women joining the workforce and jobs on the rise, the government is anticipating a merry Christmas. Filipinos may enjoy a brighter holiday season as the latest labor survey showed improvements in the job market, National Economic and Development Authority (NEDA) said in a statement. “A...
As the Philippine economy continues to recover from the pandemic, local businesses were adopting a more cautious approach to salary increases, according to a new report by risk and employment consultancy WTW said. Based on the WTW’s Salary Budget Planning Report for 2024 released on Monday,...
President Marcos’ chief economic manager said that the country’s labor force remains robust, and lower inflation is expected to increase jobs in the wholesale and retail trade sectors through higher spending. Finance Secretary Ralph G. Recto said that the ongoing decline in inflation “will...
The number of Filipinos employed in the water sector has risen, driven by improving wages and the expansion of establishments in water collection, treatment, and supply, data from the Philippine Statistics Authority (PSA) showed. Based on the 2022 Annual Survey of Philippine Business and Industry...
The country's unemployment rate declined in July compared to the same period last year, but the number of jobless Filipinos increased during the month. Data from the Philippine Statistics Authority (PSA) revealed that the unemployment rate was 4.7 percent in July, down from 4.9 percent in the...
The number of unemployed Filipinos decreased by 30 percent to 1.62 million in June from 2.33 million in the same month last year. According to the Philippine Statistics Authority (PSA), the number of jobless individuals in June also decreased from 2.11 million in May 2024. This decline led to...
The Department of Finance (DOF) said the decrease in the unemployment rate in May shows that the country is making progress towards its goal of becoming an upper-middle-income country by 2025. In a statement, Finance Secretary Ralph G. Recto said the year-on-year decrease in the number of...
National Economics and Development Authority Arsenio M. Balisacan said that the P35 wage hike in Metro Manila will not greatly impact the economic growth as well as employment numbers. During a press briefing in Malacañang, Balisacan said that around 40,000 to 140,000 workers may be affected by...
Senate President Pro Tempore Jose Jinggoy Estrada on Tuesday, July 9 expressed concern over reports the Philippines’ unemployment rate edged lower to 4.1 percent from 4.3 last year. This translates to about 2.11 million Filipinos that are jobless in May, based on data from the Philippine...
The Philippine Statistics Authority (PSA) reported that the number of jobless Filipinos decreased in May compared to the previous year; however, the figures were higher than they were a month ago. The PSA Labor Force Survey revealed on Monday, July 8, that the unemployment rate in May this year...
The number of jobless Filipinos slightly increased to 2.04 million in April, according to the report from the Philippine Statistics Authority (PSA). Based on the survey of 44,980 households, the unemployment rate stood at 4.0 percent from 3.9 percent or two million jobless individuals in March....
Manila 1st district Rep. Ernesto Dionisio (Ellson Quismorio/ MANILA BULLETIN) The supposed destabilization against the current Marcos government can have a negative impact on the country's employment situation. Thus, said Manila...
