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Number of retrenched workers rose by 42% in ’13

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The number of retrenched workers in the country ballooned by 42 percent to 45,208 in 2013, from the 31,778 recorded the previous year as more businesses decided to let go of people, citing “economic reasons.”

Posted: April 17th, 2014 in Headlines | Read More »

Unemployment seen to decline as trade picks up

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After rising in January, the unemployment rate is expected to drop in the next Labor Force Survey to be conducted in April as businesses recuperate from the effects of recent natural calamities, the National Economic and Development Authority (Neda) said.

Posted: March 17th, 2014 in Headlines | Read More »

Unemployment worsens to 7.5%

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Job fair in SM City Davao. INQUIRER MINDANAO FILE PHOTO

The Philippines’ unemployment rate rose to 7.5 percent in January from 7.1 percent a year ago, the Philippine Statistics Authority announced Tuesday.

Posted: March 12th, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Poor left behind, jobs scarce as Philippines takes off—experts

US language trainer Brian Schroeder talks to retrenched workers applying for English proficiency training for business process outsourcing jobs at a government job fair in Manila. The Philippines should create more investment opportunities in agriculture, tourism, manufacturing and mining to escape the curse of jobless economic growth, experts and businessmen said Wednesday, Feb. 26, 2014.  AFP FILE PHOTO

The Philippines should create more investment opportunities in agriculture, tourism, manufacturing and mining to escape the curse of jobless economic growth, experts and businessmen said Wednesday.

Posted: February 27th, 2014 in Latest Business Stories | Read More »

Business groups back moves to amend economic provisions in Constitution

Speaker Feliciano Belmonte. INQUIRER FILE PHOTO

Business groups expressed their support for the proposed resolution in the House of Representatives that seeks to amend the economic provisions of the Philippine Constitution.

Posted: February 12th, 2014 in Latest Business Stories | Read More »

Gov’t sees better prospects for job seekers

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Growth of the Philippines’ unemployment rate may be greatly reduced this year as the economy’s robust pace of expansion is expected to generate sufficient employment.

Posted: February 2nd, 2014 in Headlines | Read More »

Walmart lays off 2,300 in cost-cutting move—report

People protest outside a Walmart in the Crenshaw district of Los Angeles on Black Friday, November 29, 2013. The protestors were demanding better wages and better working conditions for Walmart employees. AFP

Walmart will lay off about 2,300 workers at its Sam’s Club warehouse unit, The Wall Street Journal said Friday, the latest in a string of job losses at US retailers.

Posted: January 25th, 2014 in Latest Business Stories | Read More »

Unemployment rate slightly up in ’13

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AFP FILE PHOTO

The jobless rate in the Philippines averaged 7.3 percent in 2013, up from 7 percent of the previous year despite the economy’s expansion.

Posted: December 27th, 2013 in Editor's Pick,Headlines | Read More »

‘Yolanda’ seen to cause spike in unemployment rate

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The country’s unemployment rate is expected to rise in January as a consequence of the latest calamity, the National Economic and Development Authority said.

Posted: December 22nd, 2013 in Headlines | Read More »

PH jobless rate dropped slightly in October

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The country’s jobless rate dropped slightly in October this year from year-ago level, necessitating sustained efforts to translate the rapid expansion of the economy into more jobs and reduced poverty.

Posted: December 10th, 2013 in Headlines | Read More »

Gov’t fears spike in poverty rate

Fearing a spike in the country’s poverty rate due to the devastation wreaked by Supertyphoon “Yolanda,” the government is now focusing its efforts to provide relief and livelihood opportunities to people affected by the calamity.

Posted: December 1st, 2013 in Headlines | Read More »

Job creation is not a walk in the park

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The economy is growing but jobs are not increasing. Jobless growth is widespread in many countries. It is a worry in the European Union and the United States, and a deepening concern of President Aquino. In the past, economic growth is highly correlated with job creation. This is no longer the case. This lack of correlation runs counter to inclusive growth.

Posted: November 25th, 2013 in Columnists,Inquirer Columns | Read More »

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