Rise of low-quality jobs reflects pandemic scars in PH labor market

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France Dernières Nouvelles,France Actualités

The government says there are now more Filipinos with jobs amid the pandemic. But these people are self-employed and in the informal sector.

President Rodrigo Duterte's economic team has asserted on several occasions that jobs have returned to pre-pandemic levels.

There are now more self-employed individuals and people in the informal sector, and this type of employment is deemed to be less stable. The ADB noted that hysteresis can"indicate a permanent change in the workforce from the loss of job skills, making workers less employable even after a recession has ended."

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France Dernières Nouvelles, France Actualités