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In 2010, the Philippines was then declared the world's BPO capital. From this point, the BPO industry continued to grow and generate more revenue, with the industry providing the most job opportunities in the private sector. [2] Since the 1980s, the unemployment rate stayed between 8-11% in the Philippines.
Only 15-25% of jobs in the Philippines are provided for the nursing population. The remainder of the work force go on to seek out other professional career opportunities outside the country. Per year, the national government has approximately 18,000 nursing positions with an eventual turnover of 1,000 careers.
The Labor policy in the Philippines is specified mainly by the country's Labor Code of the Philippines and through other labor laws. They cover 38 million Filipinos who belong to the labor force and to some extent, as well as overseas workers. They aim to address Filipino workers’ legal rights and their limitations with regard to the hiring ...
The Department of Labor and Employment (Filipino: Kagawaran ng Paggawa at Empleo, [2] commonly abbreviated as DOLE) is one of the executive departments of the Philippine government mandated to formulate policies, implement programs and services, and serve as the policy-coordinating arm of the Executive Branch in the field of labor and employment.
In the Philippines, society valued offspring regardless of gender. Female children were as valuable as male ones, mainly because they recognized that women are as important as men. Parents provide equal opportunities to their children. Filipino daughters can also go to school, inherit property, and even become village chiefs like Filipino sons.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
Tourism is an important sector for the Philippine economy. The travel and tourism industry contributed 8.6% to the country's GDP in 2023; [ 1] this was lower than the 12.7% recorded in 2019 prior to the COVID-19 lockdowns. [ 2] Coastal tourism, encompassing beach and diving activities, constitutes 25% of the Philippines' tourism revenue ...
In 2012, the unemployment rate went down to 4.6 percent after it being 5.0 percent in 2010. This translated to 48 thousand new jobs and was well above the target of 45 to 50 thousand new jobs per year. The underemployment rate eased to 26.2 percent in 2012 from 28 percent in 2010, but is still much higher than the end-of-plan target of 20 percent.