Filipinos to expect more job opportunities next year
In a quarterly survey conducted by the Bangko Sentral ng Pilipinas (BSP), more firms indicated willingness to start expanding their workforce in the first quarter of 2021.
After the record-high unemployment rate in the country due to the restrictive lockdowns, the survey’s employment outlook index returned to the positive territory for the first quarter of 2021 at 5.3 per cent – a turnaround from the -5.5 percent in the previous quarter.
Business’ expansion plans also climbed to 16.9% for the first quarter of 2021, up 5.9% from the previous quarter’s survey.
The central bank also noted that an increased number of firms expressed expansion plans for 2021, except for the agriculture, fishery and forestry sub-sector, which declined.
Related news
- BPO firm shuts down office as two employees test positive for COVID-19 · 25 Aug
- Thirteen government agencies and organizations now PEZA’s investment partner · 25 Aug
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
