The employment situation is still bad

DESPITE the country’s impressive economic growth, which averaged 5.4 percent a year during the past decade, the overall labor market scenario has been less positive—limiting progress on social development and inclusive growth.

Existing weaknesses in the labor market show that the number of workers living on less than $2 per day rose from 11.2 million to 13 million between 1991 and 2009. 

Aside from this, inequality remained high while poverty reduction remained impeded by poor labor quality often associated with low earnings and high vulnerability.

There are reports that vulnerable employment, measured as the share of own account and contributing family workers, steadily declined in the past years, but it still accounted for 38.4 percent of total employment in 2013, with the share of women six percentage points higher than that of men.

But labor analysts expressed optimism, however, because of deeper regional integration under the Association of Southeast Asian Nations’ Economic Community (AEC), which could increase flows of trade and investment, spur changes in the country’s economic structure and create new jobs.

Model simulations suggest that deepened trade integration under the AEC could lead to considerable economic and job gains in the Philippines. 

Fully adopting AEC trade measures could expand the country’s (Gross Domestic Product) by 7.5 percent by 2025, compared to a baseline scenario without deeper integration.”

Simulations also show a net gain of 3.1 million jobs over the baseline, representing a six percent increase in total employment. However, around 38 percent of these would be vulnerable jobs, with women accounting for just 35 percent of expected job gains.

Likewise, the share of agricultural employment would be slightly higher under the AEC (29 percent) relative to the baseline (28.6 percent) in 2025. Despite decreases in the overall share of the service sector under the AEC compared to be baseline, the trade and transportation sub-sector is poised to expand by almost one million more jobs.


Like us in Facebook


Latest News

Slower price hikes for food, alcoholic products cause inflation to ease in July

  By Rose de la Cruz   Slower price hikes for food and alcoholic products caused inflation to ease further in July to 2.4 percent, its slowest... Read More...
Personal devices pose risks at work

    By Rose de la Cruz   The policy of some companies allowing employees to use their personal devices at work—from business calls made on... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Stupid Name Giver and Other Laughs

Stupid Name Giver Late one night, a burglar broke into a house. While he was sneaking around he heard a voice say, "Jesús is watching you."  He... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...

Photo courtesy of Top Gear Philippines Officials of motorcycle-sharing service company Angkas must be grinning all the way to the bank. After a... Read More...

MABUTI naman at tuluyan ng nagpasiya ang pamahalaan na sampahan ng karampatang kaso ang mga sangkot sa kontrobersyal na Dengvaxia anti-dengue... Read More...

Our Guests

This week3076
This month16992

Visitor Info

  • Your IP:

Who Is Online


Wednesday, 18 September 2019
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.