Government generated more than 820,000 jobs in 2018

Photo via Philippine News Agency (ctto)

Labor Secretary Silvester Bello III reported on Tuesday that more than 820,000 jobs were created in 2018, resulting in the employment of more than 41 million workers.

The labor chief said employment came from different sectors, including the government’s ‘Build, Build, Build’ infrastructure program.

“The employment situation in the Philippines continues to improve as more Filipinos are getting employed through increased job opportunities in various sectors, such as the ‘Build, Build, Build’ infrastructure program of the administration. This mainly helped us sustain the rise in employment,” he said in a statement.

“Also, more workers are now enjoying security of tenure,” he added.

October 2018 Labor Force Survey (LFS) conducted by the Philippine Statistics Authority (PSA) states that, 826,000 jobs were generated in 2018, employing a total of 41.160 million workers which is 2 percent higher than 40.334 million hired employees in 2017.

The report also noted improvements in the quality of employment as the figures show remunerative and stable wage employment reached 26.6 million, which is 2.9 percent, or 743,000 wage employment compared to the same period in 2017.

Improvement on full time employment also grew by 4.7 percent, reaching 29.3 million last October, from 28 million last year.

Because of Department of Labor and Employment (DOLE) persistent campaign against illegal forms of contractualization, 411,449 were regularized as of October report.

Source: PNA

Post a Comment