The manufacturing sector shed over 300,000 jobs in February due to significant declines in employment in several subsectors, including tea production, according to the Philippine Statistics Authority (PSA).
The manufacturing sector shed over 300,000 jobs in February due to significant declines in employment in several subsectors, including tea production, according to the Philippine Statistics Authority .
S. Recide told BusinessMirror on Tuesday. “Malaki ‘yung month-on-month loss of jobs in manufacturing.” Under services, this would be wholesale and retail trade which saw an addition of 701,000 jobs in February year-on-year and the agriculture and forestry sector which recorded an increase of 997,000 jobs on a month-on-month basis.
“Given that manufacturing output grew according to the latest data, it seems that the sector is undergoing some form of technological transformation, in the process shedding off routinary forms of jobs,” Lanzona said. “It remains unclear whether job quality has improved despite the decrease in underemployment. Before the pandemic, the sector which provided regular jobs with security and benefits for the relatively unskilled was manufacturing,” Lanzona said. “Last February, this sector was among those recorded as having the largest employment drop.
“Our participation in the Regional Comprehensive Economic Partnership and the amendments to the Public Service Act pave the way for more high-paying job opportunities being made available to Filipinos,” he added. “On the supply side, there is a need to improve the dissemination of information and awareness campaigns to encourage workers to utilize the existing resources for upskilling and retooling,” said Balisacan.
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