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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 .
IBPAP (IT & Business Process Association Philippines) estimates that the overall market will mature and grow at a compound annual growth rate (CAGR) of 9.2% from 2016 to 2022, slower than the CAGR of 17% from 2010 to 2016. 43,000 low-skilled jobs will become obsolete as a result of automation, while 388,000 new mid-skilled jobs and 309,000 ...
The most widely known is the Employers' Confederation of the Philippines, which is leads as the voice of the employers in labor management and socioeconomic development. [38] The Philippine Chamber of Commerce and Industry , Makati -based Makati Business Club and Management Association of the Philippines could also be seen as such.
There are many careers and industries expected to be in high demand by 2030, due to a multitude of factors. The tech industry is one of the most notable high-demand industries expected to grow as ...
In this study, we investigated the most in-demand jobs for bachelor’s degree holders. As of November 2020, the national unemployment rate was 6.7% – 2.5 percentage points higher than the ...
Filipino women often fill "the demand for unskilled, low-paid domestic work in high-income countries". [23] They are encouraged to take these overseas jobs due to high unemployment rates in the Philippines and the economy benefiting from remittances. [25] [26]
Jobs requiring a bachelor’s degree or higher level of education for entry are often more insulated from unemployment than others. During the COVID-19 pandemic, total unemployment for individuals ...
Although the job market is competitive, recent graduates actually have it easier than last year's graduating class. Employers plan to hire 14.7% more new graduates from the Class of 2023 than they ...