MANILA - Online jobs portal Jobstreet on Tuesday estimated that the Luzon lockdown led to a 35 to 50 percent decline in vacancy postings.
"Everything has contracted" and "companies are just trying to survive" right now, said Jobstreet Philippines country manager Philip Gioca.
Business process outsourcing firms, conglomerates and multinational companies were able to cushion the impact of the lockdown on their operations through work-from-home arrangements, he said, Gioca said.
Small and mid-sized businesses, manufacturing, tourism, airlines and construction were badly hit, he said.
Businesses will resume hiring once quarantine measures are lifted or eased, he said. The Luzon lockdown, which started March 17, is extended until April 30.
“But then again we will see a resurgence and a backfilling of all these jobs once the community quarantine is over sometime in May,” Gioca said in an interview with ANC.
Prior to the imposition of the enhanced community quarantine over Luzon, the country's unemployment rate was steady in January compared to the previous year while underemployment fell.