Job postings drop by up to 50% due to Luzon lockdown

The Luzon lockdown, which has been extended until the end of this month, has led to a 35% to 50% decline in online job postings, according to data from online jobs portal Jobstreet.

In general, BPO firms, conglomerates and multinational companies have been able to cushion the impact of the lockdown by offering work-from-home arrangements. But the decline in job postings was notable in small and mid-sized businesses, manufacturing, tourism, airlines and construction, which have all been badly hit, said Jobstreet Philippines country manager Philip Gioca.

However, Gioca said Jobstreet expects to see a resurgence and a backfilling of all these jobs once the enhanced community quarantine is over sometime in May. The country’s unemployment rate remained steady in January compared to 2019.

Read more here.