The country’s unemployment and underemployment rates marginally increased in April this year, according to data released by the Philippine Statistics Authority (PSA) on Friday, June 6. According to the latest Labor Force Survey, the national unemployment rate increased to 4.1 percent in April, up...
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...
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...
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,...
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 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....
The scorching heat discouraged many job seekers, especially in the agriculture sector, leading to an increase in the number of unemployed Filipinos. The Philippine Statistics Authority (PSA) on Wednesday, May 8, reported that the number of jobless Filipinos rose to two million in March this year...
Job creation gained momentum in February as payrolls surged by over 350,000, reflecting robust growth in employment opportunities locally. The Philippine Statistics Authority (PSA) reported a decline in the number of jobless Filipinos to 1.8 million in the second month of the year from 2.15 million...
