by: Sarah Joson
Thursday, April 30, 2015 |
A report from a team-up of First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) revealed that robust job creation and tame inflation could help boost growth of the Philippine economy.
In their latest joint issue of The Market Call, it was indicated that robust job creation is the key factor that could help improve consumption and investment spending in the country.
It was pointed out that the January 2015 employment figure is the fourth consecutive quarter that the number of net full-time employees surpassed the one-million mark, which could be an indication of a stronger Philippine job market. Last year, total employment was recorded at 36.4 million, and the 2.8-percent growth in January pushed the total employment to 37.5 million. It was also noted that growth in employment can be linked to growth in the services, industrial, and agricultural sectors.
Moreover, the government expects that the robust job creation activity will benefit the less fortunate by enabling them to land better quality jobs and higher incomes.
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