Pandemic spurs big shifts in jobs generation By Cai U. Ordinario
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economy. He said this shift in jobs is one of the major changes in the past two years. “What I wanted to call attention to is the fact that we have indeed a changed economy. [When] comparing your data from October 2019 to October 2021, first let’s look at jobs. There was a dramatic decline in jobs between those two periods in transport and storage, food, and of course in industry, particularly manufacturing and construction,” Habito explained. “ W here d id t hese jobs go? Well, it turns out, the displaced work, the displaced workers in industry, and in services massively shifted to either farming, fishing, or trading,” he added. Based on a presentation, Habito
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HE pandemic leaves in its wake a Philippine economy that is changed in terms of industry winners and job quality, according to a former Socioeconomic Planning Secretary. In an economic forum of the Management Association of the Philippines (MAP) on Thursday, former National Economic and Development Authority (Neda) Director General Cielito F. Habito said there has been a dramatic shift in job generation in the country as a result of the pandemic. However, as a result, Habito said this has led to greater informality in terms of the jobs created in the
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said between October 2019 and October 2021, agriculture and fisheries gained 650,000 workers. This has made the sector the “biggest single provider of jobs in the economy.” Further, the data showed some 1.151 million workers became part of the wholesale and retail trade sector. This, however, increased informality in the work force. This happened as the industry lost 324,000 jobs composed of 288,000 jobs in manufacturing and 70,000 jobs in construction. Habito also said tourism saw a decline of 663,000 jobs, including 524,000 jobs in accommodation and food industries.
“In terms of change in jobs, again, the quality of jobs obviously suffered. Why? because there’s been a 2.8, almost 2.9-million gain in workers who are working less than 40 hours a week; in other words, part time.” —Former Neda chief Cielito Habito
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Sunday, December 2021 Vol. No. Friday,December February 11, 2022Vol. Vol.1717 17No. No.5858 126 Sunday, 5,5,2021
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Jobless rate up to 6.6%; Palace sees Q1 rebound
By Bianca Cuaresma @BcuaresmaBM
ONG-TERM investments made by foreign investors to the Philippines grew strongly in November last year as global and local economic activity improved during the period, bringing the cumulative January-November 2021 FDI net inflows to $9.2 billion, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.
By Samuel P. Medenilla
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‘DIGITAL DIASPORA’ Foreign tourists show their documents to Philippine Coast Guard personnel screening foreigners coming in at NAIA Terminal 2 in Pasay City. The Philippine government on Thursday (February 10) reopened its borders to vaccinated foreign tourists as Covid-19 alert levels are eased. Stories on page A3 Nation, “IATF further eases entry rules for foreign nationals” and “Canadian tourists are first through the PHL’s doors.” NAIA MEDIA AFFAIRS DIVISION
ALACAÑANG is confident the country’s employment rate will rebound during the first quarter of the year as the government eases the Alert Level in the National Capital Region (NCR) and other parts of the country. Acting Presidentia l spokesman K arlo B. Nograles issued the statement after the Philippine Statistics Authority (PSA) reported on Thursday that the unemployment rate in December rose to 6.6 percent compared to 6.5 percent the month before. “With the easing [of restrictions] up in Febr uar y, we expect, bottom line, more of our citizens will be going back to the labor force,” Nograles said. He said the increase in unemploy ment rate i n t he sa id month was actually a sign that more workers were finally ret ur ning to t he l abor ma rket. Labor Secretary Silvestre H. October 2021. Bello III attributed the higher labor The National Economic and Deforce participation rate in Decemvelopment Authority (Neda), howber to the increased economic activever, cited the larger increase in ities brought about by the holidays the labor force participation rate, and the Alert Level 2 which was imwhich improved to 65.1 percent posed in many parts of the country. from 64.2 percent. The Inter-Agency Task Force Ned a sa id t his meant t hat for the Management of Emerging around 800,000 more people were showsofofproducts, products,with withhosts hostsand and shows Infectious Disease (IATF) hoisted able to find work as mobility reguestsproviding providingmore moredetails detailsand and guests an Alert Level 3 in NCR and other strictions were relaxed in Decemgivingtestimonies, testimonies,Zalora Zalorasaid. said. giving parts of the country last month ber. This brings net employment wouldalso alsohelp helpbrands brandsininItItwould amid the surge in Covid-19 infeccreation to 3.7 million above prenovateon onflexible flexiblesales salespromopromonovate tions, triggering the closure of more pandemic levels. tions,such suchasasgiving givingdiscounts, discounts, tions, establishments brought about by loand offering offering easier easier and and attracattracand See “Unemployment,” A2 cal spread of the Omicron variant. tivepayment paymentoptions optionssuch suchasasthe the tive buy-now-pay-later (BNPL) opbuy-now-pay-later (BNPL) opSee “Jobless,” A2 tion,which, which,ititsaid, said,emerged emergedasas tion, themost mostpopular popularoption optionamong among the Asian shoppers. Asian shoppers. 36.8784 n EU 58.7034 n SAUDI arabia 13.6947 Source: BSP (February 10, 2022) Indonesia, for for example, example, InIn Indonesia, Google saw saw a a “10x “10x increase increase inin Google searchesfor fore-wallet e-walletservices servicesand and searches 15xrise riseininBNPL BNPLservices servicesininthe the 15x lastfive fiveyears. years.Other Otherappealing appealing last payment options options like like monthly monthly payment installments,toto00percent percentinterinterinstallments, estfees feeson oncredit creditcards, cards,provide provide est access toto quality quality products products and and talsavviness savvinessand andtaste tastefor forluxury luxury access tal serviceswhile whilealso alsoimproving improvingfi-fiandsustainability. sustainability. services and nancialinclusion. inclusion. “Thereport reportisispositioned positionedasasa a nancial “The Zalora,for forinstance, instance,offers offers21 21 referencepoint pointthat thathelps helpsZalora’s Zalora’s Zalora, reference paymentmethods methodsacross acrossthe therere900brand brandpartners partnersnavigate navigatethe the payment 900 gion, including including cash-on-delivery cash-on-delivery region’sdiversity diversityand andevolving evolvingreregion, region’s andBNPL BNPLoptions optionsacross acrossthe themarmartaillandscape,” landscape,”Zalora’s Zalora’sCEO CEOGunGunand tail kets.ItItlaunched launchedits itsfirst firstco-brandco-brandjanSoni Sonisaid. said. kets. jan creditcard cardininpartnership partnershipwith with Aside from from digital digital partners partners ededcredit Aside RCBCand andMastercard Mastercardininthe thePhilPhillike Google, Google, Mastercard, Mastercard, H&M, H&M, RCBC like ippines,the thefirst-ever first-everfashion fashionand and Lush,Paula’s Paula’sChoice, Choice,HABIB, HABIB,AtAtippines, Lush,
AVAOCITY—A CITY—Aleading leading AVAO onlinebrand brandretailer retailerin inAsia Asia online seeingaasharp sharpbehavioral behavioral isisseeing online presentation of its Trender shiftamong among consumersand andbrand brand shift Continued onconsumers A5 Report2021. 2021. Report Shedescribed describedthe the“shoppers “shoppersofof She makersthat thatmay mayreinvent reinventand andinnovate innovate makers tomorrow”asas“digital “digitaland anddiverse diverse tomorrow” approaches, especially from the latter, approaches, especially from the latter, across Southeast Asia.” across Southeast Asia.” PESO exchange rates n US 51.3770 n japan 0.4449 n UK 69.5439“It’s n HK 6.5949 n CHINA 8.0751 “It’s a a digital digital diaspora,” diaspora,” she she asdata dataanalytics—since analytics—sincethe theonset onsetof ofthe the as said,citing citingGoogle Googletrend trendmonitormonitorsaid, ingthat thatshows shows40 40million millionnew newInIning pandemic—indicatethe theemergence emergenceof of pandemic—indicate ternetusers userscame cameonline onlineinin2021, 2021, ternet morediscerning discerningconsumers consumersadaptive adaptiveto to more “bringingthe theinternet internetpenetration penetration “bringing in Southeast Asia to 75 percent.” in Southeast Asia to 75 percent.” electronic, or online, shopping experience. electronic, or online, shopping experience. “Infact, fact,eight eightout outofof10 10InterInter“In
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netusers usersininthe theregion regionare aredigidiginet talconsumers. consumers.Recognizing Recognizingthis this tal shiftininadoption, adoption,brands brandsquickly quickly shift expandedtheir theironline onlinepresence presencetoto expanded reachthese thesenew newdigital digitalconsumconsumreach ers,and andZalora Zalorareported reporteda a19-per19-perers, centincrease increaseininnew newbrands brandsthat that cent joinedthe theplatform platforminin2021,” 2021,”she she joined added. added. Withmore moreSoutheast SoutheastAsians Asians With browsingnow nowand andgetting gettingthemthembrowsing selves more more online, online, the the average average selves
and 1.5 million more” Mapa said, speaking partly in Filipino. In December 2021, there were 3.27 million unemployed Filipinos, an increase of 110,000 from November’s 3.216 million. This is, however, a decrease of 230,000 from the 3.5 million posted in October 2021. In terms of underemployment, there was a decrease of about 810,000 to 6.81 million in December 2021 from the 7.62 million recorded in November 2021. There was also a decrease of 230,000 from the 7.04 million posted in
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in 2021, or 2.1 percentage points below 2019 level. For unemployment, Mapa said, there were 3.7 million unemployed Filipinos in 2021, which is still 1.4 million more than the 2.26 million recorded in 2019. There were 7 million underemployed Filipinos in 2021, 2.8 million higher the consumers become morethan discernconsumers become more discern5.8 million recorded in 2019. ing and connected, we are seeing ing and connected, we are seeing “If you innovations look at the pre-Covid sitincredible innovations happening incredible happening uation in 2019, unemployment rate theretail retail sector thatcompletely completely inin the sector that was really low, 5.1 percent only, reimagine theat shopping experireimagine the shopping experiso now in 2021 it’s at 7.8 percent ence,” Gunjan Soni, chief executive ence,” Gunjan Soni, chief executive whichof isofquite high. In my estimate, officer theZalora Zalora Group, toldan an officer the Group, told we still have to regain 1.4 online presentation ofbetween its Trender
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UNEMPLOYMENT IN DECEMBER RISES TO 3.27M–PSA Onlineshopping shopping platform notes behavioral shift Online platform notes behavioral shift D amongconsumers, consumers,brand brandmakers makersamid amidCovid Covid among
Fore ig n d i rec t i nvest ment ESPITE the recent economic (FDI) net inflows posted a 96-pergains notched by the Philcent increase in November 2021 ippines following the easto reach $1.1 billion during the ing of mobility restrictions, the country still needs to create more month. jobs for the unemployment rate to FDI are investments made by return to prepandemic levels, acforeign players to the Philippines cording to the Philippine Statistics in the hopes of long-term return. Authority ByManuel ManuelT.T.Cayon Cayon (PSA). By Since these are in the counIn a briefing on Thursday, Natry for a longer-term compared tional Statistician Claire Dennis to their short-term counterpart, S. Mapa said full-year unemploythe foreign portfolio investments ment rate is pegged at 7.8 percent, (FPI), FDI usually create jobs for which is 2.7 percentage points Filipinos and have a multiplier efbelow 2019 levels while underfect on the economy. employment is at 15.9 percent
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