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Philippines 'last' among countries in economic recovery, trade chief says

John Gabriel Agcaoili, ABS-CBN News
Updated as of Feb 16 11:46 PM

Among all economies, the Philippines is placing last in terms of resurgence from the deadly outbreak, Trade Sec. Ramon Lopez stressed, citing the country's negative growth rate of its gross domestic product (GDP). Read more »

Lufthansa Technik to cut 300 jobs in PH as pandemic effects felt

ABS-CBN News
Updated as of Feb 12 01:06 PM

Lufthansa Tecknik Philippines will cut 20 percent of its workforce, or 300 employees, saying it has no choice but to downsize amid the impact of the pandemic on the aviation industry. Read more »

US employment growth likely rebounded; more government money still needed

Lucia Mutikani, Reuters
Posted at Feb 05 03:15 PM

U.S. job growth likely rebounded in January as authorities began easing COVID-19 restrictions on businesses with the ebbing pace of infections, which could offer the strongest signal yet that the worst of the labor market turmoil was behind after the economy shed jobs in December. Read more »

Some 5 million Filipinos lost their jobs due to COVID-19 pandemic: DOLE

ABS-CBN News
Updated as of Feb 04 11:32 AM

About 5 million Filipinos lost their jobs due to the COVID-19 pandemic, Labor Sec. Silvestre Bello III said Thursday, citing his agency's official record.  Read more »

Kawalan ng trabaho sa bansa nasa 'second wave' na: employers' group

ABS-CBN News
Posted at Feb 03 07:22 PM

Naniniwala ang isang grupo ng mga employer na nararanasan na ang second wave ng unemployment o kawalan ng trabaho.  Read more »

Palace stresses need for further safe reopening of economy amid high jobless rate

Pia Gutierrez, ABS-CBN News
Posted at Feb 02 08:34 PM

Malacañang on Tuesday welcomed a new survey which showed there were fewer Filipinos without jobs in the fourth quarter of 2020, and stressed the Philippines' need to further re-open its economy. Read more »

PAL cutting workforce by 2,300 as pandemic continues to weigh down flights

ABS-CBN News
Posted at Feb 02 04:04 PM

PAL said this represents about 30 percent of its workforce, and includes both voluntary separations and involuntary retrenchment.   Read more »

Fewer Filipinos without jobs in Q4, but 2020 jobless rate at record high: SWS

ABS-CBN News
Updated as of Feb 02 06:07 PM

There were fewer Filipinos without jobs in the fourth quarter of 2020, according to a new survey released Monday by the Social Weather Stations.    Read more »

3 things to do right away when you lose your job

Aneth Ng Lim
Posted at Jan 25 10:02 AM

Just when we were beginning to believe that things are getting better, the news that Makati Shangri-La hotel will temporarily close its doors come February shocked the business world.   Read more »

More than half of adult Pinoys lost jobs, had emotional problems due to pandemic: survey

ABS-CBN News
Posted at Jan 07 02:51 PM

But amid these problems, more than half of survey respondents also said that they became closer to their family members, Pulse Asia said. Read more »

'Things are looking up,' Palace tells Filipinos who say life got worse

ABS-CBN News
Posted at Dec 23 05:42 PM

"Things are looking up," Malacañang said on Wednesday as it sought to boost public optimism, after an opinion poll revealed that 3 in 5 Filipinos their quality of life worsened this year, during which the COVID-19 pandemic left businesses struggling and millions without job.  Read more »

Remittance resurgence a tonic but no cure for sickly emerging economies

Tom Arnold, Reuters
Posted at Dec 22 09:31 AM

Larger-than-expected money transfers from migrants overseas have provided a tonic for several sickly economies during the coronavirus crisis, but the outlook for such flows remains fraught with uncertainty even as vaccines are rolled out. Read more »

10.9 million Filipinos lost jobs, had lower incomes due to COVID-19 pandemic: ILO

Nika Lazo and Bruce Rodriguez, ABS-CBN News
Posted at Dec 15 08:05 PM

MANILA - Around 10.9 million Filipino workers lost their jobs and had lower incomes and working hours this year as the COVID-19 pandemic affected the economy, according to a labor report released Tuesday. Read more »

'At least' P140-B needed for vaccine budget to achieve herd immunity, says lawmaker

ABS-CBN News
Posted at Dec 03 01:49 PM

Marikina Rep. Stella Quimbo said Thursday the proposed P83 billion COVID-19 vaccine budget for 2021 in the Senate is "not enough", and "at least P140 billion" is needed next year to achieve herd immunity. Read more »

Dissecting Data: PH jobless data see 'worst' year as virus wipes out 2019 gains

Warren de Guzman and Edson Guido, ABS-CBN News
Updated as of Dec 24 12:04 PM

The Philippine unemployment averaged 10.4 percent in 2020, the worst year of joblessness on record based on data going back to 2005.    Read more »

Jobless Filipinos reach 3.8 million in October

ABS-CBN News
Updated as of Dec 03 11:12 AM

There were 3.8 million adult Filipinos who were jobless as of October, representing an unemployment rate of 8.7 percent, the state statistics agency said on Thursday as the economy reopened further after sinking deeper into recession in the third quarter.  Read more »

Reinventing workers for the post-COVID economy

Eduardo Porter, The New York Times
Posted at Dec 02 08:19 AM

COVID is abruptly taking out a swath of jobs that were thought to be comparatively resilient, in services that require personal contact with customers. And the jolt has landed squarely on workers with little or no education beyond high school, toiling in the low-wage service economy.  Read more »

US airlines to end year with 90,000 fewer workers

Agence France-Presse
Posted at Nov 13 11:39 AM

Hit with a collapse of demand, US airlines will end the year with the lowest number of workers since at least 1987, 90,000 fewer than when COVID-19 hit, an industry federation said Thursday.   Read more »

Ireland's latest coronavirus curbs put 85,000 temporarily out of work

Reuters
Posted at Nov 03 10:57 PM

Around 85,000 more people have claimed temporary COVID-19 jobless benefits since Ireland moved to the highest level of restrictions to fight the virus two weeks ago, data showed on Tuesday. Read more »

More POGOs to shut operations in Subic Bay: official

Jamaine Punzalan, ABS-CBN News
Updated as of Oct 30 10:33 PM

More Chinese-operated gambling hubs are "winding down" their operations in Subic Bay in Olongapo City, north of the capital, an official said Friday.    Read more »