Connect with us

Business and Economy

DOLE welcomes SWS reports on declining unemployment; vows to sustain more jobs

Published

on

ShutterStock image

ShutterStock image

MANILA — The Department of Labor and Employment welcomes the latest Social Weather Stations (SWS) survey result showing decline of unemployment in the country and vows to work harder to create more quality jobs.

“We welcome the result of the SWS survey showing a 1.8 percent in unemployment, but we continue to be firm that we need to work harder to sustain the country’s gains in creating more quality jobs for our people.”

Labor and Employment Secretary Rosalinda Dimapilis-Baldoz made the remarks before she left the country Tuesday to attend the ASEAN Labor Ministers’ Meeting in Myanmar.

“We recognize the problem of unemployment, whether it is shown by the official Labor Force Survey of the Philippine Statistics Authority, or by the SWS and some other surveys. This is why we at the DOLE is decisively helping address the problem by promoting and implementing job creation facilitation programs, such as the delivery of correct, relevant, and updated labor market information,” Baldoz said.

Baldoz said she has instructed the DOLE’s Institute for Labor Studies to look closely and deeply at the SWS data not for comparison but to find positive inputs that can help DOLE enhance its employment facilitation programs and services.

“For example, we see that the SWS survey results seem to validate the results of the 4th quarter 2013 Labor Turnover Statistics of the PSA which showed that employment in large enterprises in Metro Manila accelerated to 3.22 percent, the highest recorded since the 4th quarter of 2010,” said Baldoz.

She noted that the SWS survey showed that 36 percent of its respondents are optimistic that job openings would increase in the next 12 months. “This is optimistic outlook is also seen by the Bangko Sentral ng Pilipinas in its First Quarter 2014 Business Expectations Survey which indicate a steady employment outlook indicating sustained favorable economic conditions,” said the labor and employment chief.

According to Baldoz, this indicator in the BSP survey is supported by the higher percentage–32.9 percent–of businesses that say they have expansion plans, up from 30.5 percent in the first quarter of the year.

“With business expansion comes employment generation,” said Baldoz.

Baldoz further noted than in the SWS survey, the number of workers who quit from their jobs fell by 2.1 percent, and those who were retrenched rose marginally by 0.3 percent.

On the other hand, the 4th quarter 2013 Labor Turnover Statistics of the PSA showed that employee-initiated separations, or quits, was placed at 2.14 percent, lower than employer-initiated separations, or terminations, which was placed at 3.51 percent.

“People who quit from their jobs do so maybe to take another better-paying job, or to go into business, or to go abroad. The same could be true to those who are retrenched either because of bad business condition, or due to non-renewal of contracts, circumstances that are beyond the control of the workers,” said Baldoz.

As to the number of first-time job seekers, Baldoz said she is confident that the DOLE’s various employment facilitation programs, particularly the Special Program for the Employment of Students, or SPES, Government Internship Program (GIP), and Youth Employment and Youth Entrepreneurship (YEYE) Program, and Training for Work Scholarship Program are already making their impact so as to have made a dent in youth unemployment.

She made particular mention of the DOLE’s year-round job fairs that bring under one roof employers and job seekers.

“Through our job fairs, we facilitate job-skill matching, increase employability, and make it easy for employers to find the right people for their vacancies,” said Baldoz.

Another DOLE initiative that Baldoz said will contribute to addressing youth unemployment is JobStart Philippines, a full-cycle employment facilitation service that involves enhanced career assessment and guidance, life skills training, technical skills training, and internship, which are the major building blocks in preparing young people for productive employment.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

News9 hours ago

DOJ forms TWG to hasten creation of separate ‘heinous crimes’ prisons

MANILA – The Department of Justice (DOJ) has ordered the creation of a technical working group (TWG) to hasten the...

Philippine Navy spokesperson for the West Philippine Sea Commodore Roy Vincent Trinidad Philippine Navy spokesperson for the West Philippine Sea Commodore Roy Vincent Trinidad
News10 hours ago

Navy: Measures in place vs. possible Chinese interference in Balikatan

MANILA – A ranking Philippine Navy (PN) official said while China is not expected to interfere in the ongoing “Balikatan”...

Entertainment10 hours ago

Meet Five of Seoul’s Most Glamorous Elite in ‘Super Rich in Korea’ Official Trailer

Super Rich in Korea offers a golden ticket into the extravagant world of Seoul’s top 1% — individuals who’ve made...

Entertainment10 hours ago

Who’s In for “Something Really Fun”? The Curtain Rises on ‘The 8 Show’ with Thrilling Teaser Trailer and Character Posters

“Do you really want something fun?” This question opens the zany teaser trailer for The 8 Show, a thrilling new...

Entertainment10 hours ago

Discover Your K-Pop Persona With Spotify’s New Interactive Experience

In the last decade, as K-Pop cemented its status as a global phenomenon, Spotify has helped fans around the world...

Canada News10 hours ago

International student resentment brews but allowing fewer students into Canada isn’t the answer

Canada has prided itself on being a welcoming haven for students from around the world. But beneath the surface of...

Business and Economy10 hours ago

Supreme Court appears open to Starbucks’ claims in labor-organizing case

What factors must a court consider when the National Labor Relations Board requests an order requiring an employer to rehire...

British PM Rishi Sunak British PM Rishi Sunak
News10 hours ago

The obstacles that could still stop flights to Rwanda from taking off

  Rishi Sunak has finally secured the legislation he needs to support his Rwanda plan. A late night session of...

News11 hours ago

Parliament passes bill declaring Rwanda safe – but can it really be called a law at all?

After months of deadlock, the House of Lords withdrew its opposition to the safety of Rwanda (asylum and immigration) bill,...

News11 hours ago

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have...

WordPress Ads