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IN December 2021, the Asian Development Bank (ADB) released a study underscoring how across the Asean the youth were among the hardest hit as a result of the Covid-19 pandemic’s effects on labor markets. Citing Q2 2020 data, the ADB study showed that young workers accounted for nearly a fourth…
File photo MANILA - The government aims to bring down the unemployment rate close to pre-pandemic level of around 5 to 5.5 percent this year, Department of Trade and Industry (DTI) Secretary Ramon Lopez said Tuesday. In a virtual presser of the Presidential Communications Operations Office-Office of the Global Media and Public Affairs, Lopez said the unemployment rate slowed down to 6.5 percent last November from a peak of 17.6 percent in April 2020. "Our goal in 2022 is to further increase our job generation efforts to close down (the) unemployment rate nearer to pre-pandemic levels,&quo...
The public and private sectors estimated they have generated at least 1.5 million new jobs in 2021 under the National Employment Recovery Strategy (NERS), an employment recovery plan of the government. 60077 Trade and Industry Secretary Ramon M. Lopez, who also chairs the NERS Task Force, report
