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2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
Davao USAR continues to assist in Masara search and rescue ops
THE Davao City Disaster Risk Reduction and Management Office Urban Search and Rescue (USAR) 911 received a go signal from the Office of the Civil Defense to extend the number of days in assisting the ongoing rescue operations in the landslide-hit area of Masara in Maco, Davao De Oro......»»
Philippines unemployment rate drops to 3.5 pct in February
MANILA, April 11 (Xinhua) -- The unemployment rate in the Philippines decreased to 3.5 percent in February from 4.5 percent in January, the Philippine Statistics Authority (PSA) said on Thursday. PSA head Dennis Mapa said at a press conference that there were 1.8 million jobless Filipinos in February, lower than 2.15 million unemployed individuals in January. National Economic and Development Authority Se.....»»
Philippines jobless rate increases to 4.5 pct in January
MANILA, March 8 (Xinhua) -- The Philippines' unemployment rate increased to 4.5 percent in January from 3.1 percent in December last year, the Philippine Statistics Authority (PSA) said on Friday. PSA head Dennis Mapa told a press conference that there were 2.15 million jobless Filipinos in January. "This was lower than the reported number of unemployed persons in January 2023 of 2.38 million," Mapa said......»»
Philippines jobless rate increases to 4.5 pct in January
MANILA, March 8 (Xinhua) -- The Philippines' unemployment rate increased to 4.5 percent in January from 3.1 percent in December last year, the Philippine Statistics Authority (PSA) said on Friday. PSA head Dennis Mapa told a press conference that there were 2.15 million jobless Filipinos in January. "This was lower than the reported number of unemployed persons in January 2023 of 2.38 million," Mapa said......»»
Philippines inflation rate slows to 2.8 pct in January
MANILA, Feb. 6 (Xinhua) -- Year-on-year inflation in the Philippines further eased to 2.8 percent in January from 3.9 percent in December 2023, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a press conference that the January inflation rate is the lowest since the 2.3 percent inflation rate was recorded in October 2020. In January 2023, inflation rate was 8.7 percent.....»»
Jobless rate declines to 3.1 percent in December
The country recorded its lowest unemployment rate in nearly two decades as more jobs were made available during the holiday season......»»
Marcos vows sustained job creation as unemployment drops
President Marcos assured the public that his administration would sustain measures that create jobs, lure investments and upgrade the skills of workers after the Philippines recorded a drop in unemployment rate last month......»»
One-stop-shop for quarry, sand, gravel ops permit opens at Ayala mall
One-stop-shop for quarry, sand, gravel ops permit opens at Ayala mall.....»»
Police ops net 15 wanted persons in Caraga
Police ops net 15 wanted persons in Caraga.....»»
Unemployment lowest in 2 decades
Unemployment lowest in 2 decades.....»»
January 2024 Jobs Report: 353,000 Jobs Added, Unemployment at 3.7%
Title: Job Market Surges in January, Wages Soar and Unemployment Holds Steady Subtitle: Increased Hiring Boosts Economy, Potential Impact on Federal Reserve’s Monetary Policy Byline:.....»»
Jobless rate eases to 3.5% in February
The country’s unemployment rate declined in February as more employment opportunities were created in the wholesale and retail trade and agriculture sectors, according to the Philippine Statistics Authority......»»
Jobless rate climbs to 4.5 percent in January
The country’s unemployment rate rose in January as the seasonal increase in jobs created by the heightened economic activity during the Christmas holidays faded......»»
Metrobank Makes Achieving Your Home Goals Easier With Its Free Appraisal Fee Promo!
This February, Metrobank is again making it easier for Filipinos to achieve their dream home as it brings back its free appraisal fee promo – giving clients up to PHP 5,500 in savings on their home loan. From February 1 to March 29, 2024, qualified clients who will submit a complete home loan application to […].....»»
Philippines Job Market Records a 10% Surge in Annual Hiring: foundit Insights Tracker
foundit (formerly Monster APAC & ME), one of the leading talent platforms, today published the foundit Insights Tracker (fit) for December 2023, formerly published as Monster Employment Index (MEI). According to the Philippines Fit report, there was a (10%) increase in the annual hiring activity from December 2022 to December 2023. The index reached 128 […].....»»
Philippines foreign investments yield net outflows in December
MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»
Philippines foreign investments yield net outflows in December
MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»
Philippines posts 642 mln USD surplus in December
MANILA, Jan. 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency dep.....»»
Philippines posts 642 mln USD surplus in December
MANILA, Jan. 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency dep.....»»