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Saturday, September 10, 2016

RISING EMPLOYMENT RATE AND PLUNGING UNEMPLOYMENT RATE; TIME FOR OFW'S TO COME HOME?

RISING EMPLOYMENT RATE AND PLUNGING UNEMPLOYMENT RATE;A GOOD INDICATION FOR OFWs TO COME BACK HOME TO THE PHILIPPINES FOR GOOD?
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The main reason why Filipinos are working abroad is the lack of job opportunities that can sustain their family.By working overseas,they are having access to wider opportunities to show and develop their skills while providing the needs of their family  and securing their  future with a stable source of income.But the cost is not cheap.Most of the OFWs suffer homesickness.Some of them loses relationships,marriage,in some cases losing their sanity and worst,their lives.


The latest economic trend evidently shows stability in the labor sector.In July the employment rate reached 94.6%,up by 1.1% points from last years 93.5% according to the Philippine Statistics Authority's preliminary data.That figure is translated to  41 million employed Filipinos as noted by National Economic And Development Authority (NEDA) in a separate statement.
The country's total labor force ranging from 15 years old and above has reached to 68.436 million.



“Our growing economy, which is largely driven by output expansion in the services and industry sectors, has created more and better jobs,”  NEDA Director-General and Socioeconomic Planning Secretary Ernesto M. Pernia said.

The unemployment rate,on the other hand, has plunged to 5.4 % in July,that is 1.1% from last year's 6.5%.
“The unemployment rate in July 2016, the lowest recorded for all July rounds in the past decade, increases the likelihood of achieving the Philippine Development Plan target of 6.5 to 6.7 percent for 2016,” Pernia noted.
However,underemployment rate also went down to 17.3% from 21.0% last year.
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The PSA defines underemployed as "... persons who express the desire to have additional hours of work in their present job, or to have additional job, or to have a new job with longer working hours." It is a percentage from the total number of employed individuals.
The vibrant labor market is a reflection of the growing Gross Domestic Product (GDP) according to NEDA.
"With faster and improved quality of economic growth, the Philippine labor market continues to show vibrancy as unemployment and underemployment rates fell in July 2016." NEDA added.

The Duterte administration has  promising means of eliminating unemployment by suspending age discrimination and "endo" system,giving opportunities to more able men and women who are still willing to work regardless of their age.

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TESDA is also conducting trainings,targeting the out of school youths, and recently even the drug-dependents,equipping them with  training and skills that can be used to find high paying jobs here and abroad.
If the government will sustain the momentum of economic growth,more jobs will be created  and the Filipinos will no longer need to work abroad.Even the OFWs may consider going back home for good.


TESDA ACCREDITED SCHOOLS AND TRAINING CENTERS  

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China's plans to hire Filipino household workers to their five major cities including Beijing and Shanghai, was reported at a local newspaper Philippine Star. it could be a big break for the household workers who are trying their luck in finding greener pastures by working overseas  China is offering up to P100,000  a month, or about HK$15,000. The existing minimum allowable wage for a foreign domestic helper in Hong Kong is  around HK$4,310 per month.  Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the haven for Filipino domestic workers who are seeking higher income.  DOLE is expected to have further negotiations on the launch date with a delegation from China in September.   according to Usec Say, Chinese employers favor Filipino domestic workers for their English proficiency, which allows them to teach their employers’ children.    Chinese embassy officials also mentioned that improving ties with the leadership of President Rodrigo Duterte has paved the way for the new policy to materialize.  There is presently a strict work visa system for foreign workers who want to enter mainland China. But according Usec. Say, China is serious about the proposal.   Philippine Labor Secretary Silvestre Bello said an estimated 200,000 Filipino domestic helpers are  presently working illegally in China. With a great demand for skilled domestic workers, Filipino OFWs would have an option to apply using legal processes on their desired higher salary for their sector. Source: ejinsight.com, PhilStar Read More:  The effectivity of the Nationwide Smoking Ban or  E.O. 26 (Providing for the Establishment of Smoke-free Environment in Public and Enclosed Places) started today, July 23, but only a few seems to be aware of it.  President Rodrigo Duterte signed the Executive Order 26 with the citizens health in mind. Presidential Spokesperson Ernesto Abella said the executive order is a milestone where the government prioritize public health protection.    The smoking ban includes smoking in places such as  schools, universities and colleges, playgrounds, restaurants and food preparation areas, basketball courts, stairwells, health centers, clinics, public and private hospitals, hotels, malls, elevators, taxis, buses, public utility jeepneys, ships, tricycles, trains, airplanes, and  gas stations which are prone to combustion. The Department of Health  urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places.   Read More:          ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below Smoking is only allowed in designated smoking areas to be provided by the owner of the establishment. Smoking in private vehicles parked in public areas is also prohibited. What Do You Need To know About The Nationwide Smoking Ban Violators will be fined P500 to P10,000, depending on their number of offenses, while owners of establishments caught violating the EO will face a fine of P5,000 or imprisonment of not more than 30 days. The Department of Health  urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places.          ©2017 THOUGHTSKOTO

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