Friday, March 14, 2014

Philippines continues to post two percent increase in employment each year, says labor department March 13, 2014

From the Website of the President

Philippines continues to post two percent increase in employment each year, says labor department March 13, 2014
While the government admitted that unemployment continues to be a challenge, the labor department said the country has posted two percent increase in employment annually.

“Pag sinabing unemployment tinatanggap ng gobyerno ‘yan—hanggang ngayon may problema tayo kasi bagama’t nakaka-create tayo ng jobs in the earlier slide ay taun-taon may two percent increase din na pumapasok annually sa labor force,” Labor Secretary Rosalinda Baldoz said in a press briefing in Malacanang on Thursday.

“So nagbabalanse lang siya, o steady ‘yung unemployment natin, and it continues to be a big challenge sa sinuman po ang umupo sa gobyerno.”

Baldoz said that since 2010, the country has experienced employment increases—2.8 percent in 2010, 3.2 percent in 2011, 1.1 percent in 2012, and 0.8 percent in 2013. In the first quarter of 2014, it posted 0.8 percent, she added.

The government continues to create absolute employment figures—974,000 in 2010, 1.15 million in 2011, and 408,000 in 2012, and 317,000 in 2013. In the first quarter of this year, there are 283 net employments, she said.

Baldoz said two percent job seekers enter the labor force while two percent of job is created annually.

The labor secretary discussed the labor situation in the country after the Philippine Statistical Authority released the Labor Force Survey last Tuesday.

Baldoz said the labor department does comparisons on data each time the Labor Force Survey is released. It also conducts more in-depth analysis on the survey results on the year-on-year employment situation in the country, she added.

Aquino: ADB, government’s partner for national development March 13, 2014
The Asian Development Bank is a major partner that helped the Philippines set the momentum to continuous economic growth, President Benigno S. Aquino III said on Wednesday.

During a reception at the ADB’s headquarters in Mandaluyong City Wednesday, the President spelled out its assistance to the Philippines.

He said that from 1966 to the end of 2012, the ADB has loaned the country with more than $13 billion, which was used by the government to build vital infrastructure projects such as roads, airports, and power plants.

Currently, the ADB is the country’s sixth largest source of Overseas Development Assistance (ODA), with overall net commitment reaching more than $833 million, he added.
The President noted that with ADB’s help, the government was able to push its flagship conditional cash transfer program and has registered 4.3 million households in 2014. More than 600,000 were financed through ADB loans.

Under the program, families receive cash grants on the condition that children are sent to school, pregnant mothers are assessed regularly, and infants and children are vaccinated.
Another ADB-funded project in the country is the Philippine Energy Efficiency Project, he said. The ADB loaned the Philippines more than $30 million for the program, helping the government distribute 8.6 million compact fluorescent lamps to more than 3.5 million Filipino households.

The projects reduced the country’s annual electricity demand by 321 gigawatt hours and has shrunk its carbon footprint, he said.

“And with organizations like you supporting our efforts, we have been able to work with our people to turn those collective aspirations into reality,” the President said.
The country was previously considered the Sick Man of Asia, but today there is optimism among Filipinos, he said.

With the reforms being initiated in government, the administration has done away with the vicious cycle of dishonesty, corruption, and self-interest that crippled the economy.
Today, there is empowerment, transparency and integrity that foster confidence and true participation of the people, he said.

“Today, we have the social and economic momentum towards becoming one of the world’s most dynamic economies in the years to come.”

If the ADB and the government further strengthen their partnership and work shoulder to shoulder towards one goal, they could empower millions of Filipinos for national development, the President said.

Office of the President Website

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