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...
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...
