The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support the Philippine government's efforts in enhancing labor market programs and promoting job creation. In a statement on Thursday, Jan. 30, ADB said the program aims to improve the productivity and employability...
Inspired by the Jobstreet Career Con, which aims to link 15,000 job seekers to companies, President Marcos bared plans to make such large job fair every month in various places in the country. President Ferdinand 'Bongbong' Marcos Jr. graces this year’s Jobstreet Career Con, dubbed 'Creating...
Local companies might struggle to retain employees as six out of 10 Filipino workers are dissatisfied with their current jobs, prompting them to seek new employment despite fierce competition for talent in the country, a global study revealed. “Almost two-thirds of employees told us they were in...
House Speaker Martin Romualdez (PPAB) House Speaker Martin Romualdez credited the Marcos administration’s economic policies for the decline in unemployment and underemployment figures. In a statement on Friday, Jan. 10, Romualdez says this...
The number of jobless Filipinos decreased in November, but employed individuals also shrank in number by 100,000. According to the Philippine Statistics Authority (PSA) the country’s employment rate increased to 96.8 percent in November last year from 96.4 percent in November 2023. It has also...
Despite an increase in the number of Filipinos finding jobs in October, many were not employed in full-time positions, leading to a continued rise in underemployment. Data from the Philippine Statistics Authority (PSA) revealed that the employment rate in October rose to 96.1 percent, compared to...
Philippine companies are increasing salaries to respond to a competitive talent market, according to global professional services firm Mercer. In its Total Remuneration Survey conducted this year, Mercer said the average employee salary in the country is set to increase by 5.5 percent in 2025,...
While the government maintains that a robust middle class will propel the country to a predominantly middle-class society within the next 15 years, economists warned that a lack of quality, stable jobs poses a threat to this goal. The National Economic and Development Authority (NEDA) said that a...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez said the newly-signed Enterprise-based Education and Training (EBET) Law will help keep the number of unemployed Filipinos down through various training and up-skilling...
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...
