BusinessWorld E-paper
March 23, 2023
THE PHILIPPINES should generate better jobs for young Filipinos who bore the brunt of the “labor market shock” during a coronavirus disease 2019 (COVID-19) pandemic to strengthen economic recovery, the World Bank said.
“The unemployment rate for youth is much higher and they have been hit harder by COVID, and the recovery process is more challenging for them,” World Bank Country Director for Brunei, Malaysia, Thailand, and the Philippines Ndiamé Diop said at the launch of the Philippine Jobs Report. “So, it’s really important to support youth employment going forward. That is important for long-term growth and long-term development for the Philippines.”
