Steady Employment Gains Drive Workforce Transformation
The Philippines continues to make significant strides in its labor market, showcasing steady employment gains and an evolving workforce. Reports indicate that the country’s employment rate climbed from 94.6 percent in 2022 to 96.1 percent in 2023, while unemployment dropped from 5.2 percent to 3.9 percent. This progress reflects a positive shift toward higher-skilled, paid occupations, particularly among the youth.
Local experts note that improved labor force participation has played a key role in these developments. The government remains committed to ensuring every Filipino has access to decent, productive, and sustainable work opportunities. These efforts were highlighted during the 7th Asia-Pacific Economic Cooperation (APEC) Human Resources Development Ministerial Meeting held in South Korea.
Focus on Sustainable Labor Market and Jobs for the Future
Under the theme “Sustainable Labor Market and Jobs for the Future,” labor ministers from APEC economies gathered to address workforce challenges amid rapid technological advances, climate change, demographic shifts, and geopolitical uncertainties. A senior government official leading the Philippine delegation emphasized that inclusive and sustainable employment remains a top priority despite global challenges.
The Philippines showcased its long-term labor strategies, including the Labor and Employment Plan 2023–2028 and the Trabaho Para sa Bayan Plan 2025–2034. These frameworks focus on skills development, employment facilitation, and social protection to prepare the workforce for future demands.
Key Strategies to Future-Proof the Workforce
Among the essential initiatives are demand-driven training programs and expanded micro-credentialing efforts in partnership with the Technical Education and Skills Development Authority (TESDA). Enhancing labor market information systems also supports better job matching and workforce planning. Furthermore, targeted support for micro, small, and medium enterprises (MSMEs) aims to stimulate job creation and economic resilience.
Labor reforms are underway to formalize the informal sector and improve job quality. Experts highlight that these steps are critical for generating more decent and sustainable employment.
Embracing Digitalization and Ethical AI
The delegation underscored the importance of ethical artificial intelligence (AI) use and digital inclusion as part of workforce transformation. It was stressed that digitalization must go hand in hand with inclusive growth and worker protection to ensure no one is left behind.
National laws such as the Philippine Green Jobs Act and the Caregivers’ Welfare Act were cited as vital measures in preparing workers for emerging sectors in green technology, digital services, and care industries.
Collaborative Commitment for Labor Market Sustainability
The ministerial meeting concluded with a joint statement unanimously adopted by all APEC members. This declaration reaffirmed their shared dedication to building sustainable, inclusive, and adaptable labor markets that can withstand future challenges.
For more news and updates on workforce transformation, visit Filipinokami.com.