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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.
Labor, employment and human resource development; Maintenance of industrial peace; Promotion of employer-employee cooperation; Labor education, standards and statistics; Organization of the labor market including recruitment, training and placement of workers and exports of human resources; Foreign workers in the Philippines
The following list of countries by labour productivity ranks countries by their workforce productivity. Labour productivity can be measured as gross domestic product (GDP) or gross national income (GNI) generated per hour of working time .
This is a list of countries by size of the labour force mostly based on The World Factbook. [1] ... Philippines: 47,872,000: 2022 est. ... This page was last edited ...
The Philippine House Committee on Labor and Employment, or House Labor and Employment Committee is a standing committee of the Philippine House of Representatives. Jurisdiction [ edit ]
The Labor Code of the Philippines governs employment practices and labor relations in the Philippines. It also identifies the rules and standards regarding employment such as pre-employment policies, labor conditions, wage rate, work hours, employee benefits, and termination of employees.
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
The labour market in macroeconomic theory shows that the supply of labour exceeds demand, which has been proven by salary growth that lags productivity growth. When labour supply exceeds demand, salary faces downward pressure due to an employer's ability to pick from a labour pool that exceeds the jobs pool.