Even before President Ferdinand Marcos, Jr. won the presidency, he has been emphasizing the need to create more jobs and livelihood opportunities in order to bounce back from the pandemic. His administration aimed for the full reopening of the economy to help accelerate job generation.
Employment growth was observed across all sectors with the services sector accounting for 2.8 million more employed individuals, followed by the industry sector with additional 682,000 employed persons, and the agriculture sector that registered an additional 461,000employment. To address this in the immediate term, the government is providing targeted cash transfer as well as fuel and crop subsidies to help protect the purchasing power of Filipinos and reduce the incidence of invisible underemployment among low-income households.
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