Business NEWS

The Department of Finance (DOF) is optimistic that the rosy domestic labor market would fuel consumer spending that supports the country’s economic recovery from the prolonged-pandemic.

The country’s unemployment rate fell to 5 percent in September this year, a new record low after the full reopening of the economy since the pandemic.

The number of jobless Filipinos rose in August this year as recent graduates who joined the labor market had a hard time to get employment, data from the Philippine Statistics Authority (PSA) revealed.

In about six months time, the state-controlled Intercontinental Broadcasting Corporation (IBC 13) will go belly-up and leave about 178 people jobless, unless a miracle happens and the network gets privatized soon.

The number of jobless Filipinos in July eased to its lowest since the onset of the Covid-19 pandemic, but the quality of jobs in the country deteriorated as underemployment climbed during the month.

The number of unemployed Filipinos inched up in June as job seekers joining the labor force increased, but the unemployment rate was steady at 6 percent, data from the Philippine Statistics Authority (PSA) showed on Monday, Aug. 8.

The number of unemployed Filipinos climbed in May as there were not enough jobs for the growing working-age population entering the labor market, data from the Philippine Statistics Authority (PSA) showed on Thursday, July 7.

BACOLOD CITY – A 52-year-old hog raiser allegedly stabbed his jobless relative to death after he was caught robbing his house in Hacienda Lucricia, Barangay Cabatangan, Talisay City, Negros Occidental Monday, July 4.

Unemployment rate fell to a new record-low since the start of the pandemic as the majority of the country shifted to the least stringent alert level beginning March, the Philippine Statistics Authority (PSA) reported.

The number of jobless Filipinos slightly inched up in the final month of last year, largely due to a larger labor force participation, according to the Philippine Statistics Authority (PSA).

Presidential aspirant Ferdinand “Bongbong” Marcos Jr. said Tuesday, Jan. 25 illegal drugs are only taken by those who have nothing to do and those who are jobless.

Nearly 70,000 members of the Social Security System (SSS) have been laid off from their jobs, and received unemployment benefits from the pension fund in the first three quarters of the year.

The Department of Labor and Employment (DOLE) believes that the increase in the number of unemployed Filipinos in September was only a “temporary setback” towards a continued and sustained recovery of the labor market.

Unemployment worsened after the government reimposed the strictest form of lockdown in August, leading to an increase of around 810,00 in the number of jobless Filipinos in the country, the Philippine Statistics Authority (PSA) reported.

Unemployment rate in the country dropped from 7.7 percent in June to 6.9 percent in July, lowest jobless since the pandemic broke out last year, owing to easing movement restrictions, but the local labor force also weakened as people were worried of getting sick,Philippine Statistics Authority (PSA) reported Tuesday, Sept. 7.

Economic managers attribute drop to easing of quarantine restrictions

There are still 1 million unemployed individuals due to the pandemic, but they could be reintegrated back to the workforce pool should the government’s Safety Seal Certification program becomes successful.

Department of Labor and Employment (DOLE) Assistant Secretary Dominique Rubia-Tutay gave some advice to jobless Filipinos on Wednesday, June 9 amid the increase in unemployment rate in the country.