Article Links: https://pco.gov.ph/news-releases/
PSAC-Jobs sector vows to continue working with Marcos Admin to further improve PH employment situation
Private Sector Advisory Council (PSAC) Jobs Sector Group Sector led by the SM Investments Corp. will continue working to boost local employment even in the face of improving employment situation in the country.
This was the commitment made during the sector’s meeting with President Ferdinand R. Marcos Jr. on Thursday in Malacañang.
“We all know that there [are] employment challenges: underemployment and unemployment. Although, unemployment today has become 3.1 percent na lang. So, while this is improving, we continue our work,” PSAC Jobs Sector representative Teresita Sy-Coson, Vice Chairperson of SM Investments Corp. told the President.
“Which is looking into the limited job opportunities for a growing population, job and skills mismatch, and also job distribution imbalance due to geographic and economic factors. We are looking to reducing unemployment through job matching and enhancing employability through job upskilling and bridging the job distribution,” she said.
The goal is to connect Filipinos and companies and align their skills with available jobs, Sy-Coson added, adding they are putting the discussion points into action plan and also looking into weekly job fairs and plan to continue more.
The body also supports certification programs and courses and collaborations with various industries and government agencies like the Department of Labor and Employment (DOLE ) and PESO, or the Public Employment Service Office.
“Both of them are very cooperative in our job fair. We have since we accelerated two months ago, more than 450 companies and over 5,000 jobs seekers have participated with about 18 percent of them being hired on the spot,” she said.
“So, for 2024, the job fairs for 41 weeks in 70 malls are already scheduled with the aim of multiplying the number of those hired. This is the job fair that we have, we have tested it and it has been successful so we’re going to continue and multiply,” she further stated.
Wednesday’s meeting focused on the Philippine Global Competitiveness particularly by addressing investors’ concerns such as on pool of talents, incentives, and ease of doing business.
Regarding the Philippines’ overall employment situation, the Philippine Statistics Authority (PSA) reported that the number of employed Filipinos reached 50.52 million in December 2023, with 0.88 million jobs generated since November 2023.
The country’s unemployment rate further declined in December last year to its lowest rate since April 2005, it added. | PND
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