The Philippines has a new president by the time he returns to the state of employment before the pandemic.
Department of Labor and Employment (DOLE) Assistant Secretary Dominique Rubia Tutay said that with the country’s expected economic recovery in early 2023, the state of local employment before the pandemic is likely to recover within the same timeline.
“We are not seeing this na fully recovered na po tayo by this year, but I would say that it’s gonna be a better year than in 2020,” said Tutay during the televised briefing.
“Siguro po, hopefully, we go back to our pre-pandemic stage, early 2023 hopefully po or sana next year. But not even probably next year. So we are looking at the three-year period po for us to be able to go back to the pre-pandemic stage,” added the official.
The Philippine Statistics Authority (PSA) reported a 17.7% unemployment rate for the second quarter of 2020 – a nearly 400% increase from the 5.1% unemployment rate in the same quarter last year. This is equivalent to 7.3 million unemployed Filipinos.
President Rodrigo Duterte will end his six-year tenure in Malacañang in June 2022.
The Labor department, together with various other agencies, launched the National Employment Recovery Strategy (NERS) Task Force in February. 5 to strengthen the employment recovery plan in the country.
Under the NERS Action Plan, the government aims to generate 2.4 to 2.8 million new jobs by 2021.
“That’s actually the target but I know this is a very difficult target considering that we’re still in a pandemic stage,” said Tutay.
Department of Trade and Industry (DTI) Secretary Ramon Lopez said on February 9 that while the country is “improving” and continuing to recover from the effects of coronavirus disease (COVID-19), we are still far from the pre-COVID economy.