Young Filipinos expected to enter the labour market this year will find it more difficult to place a task amid the COVID-19-induced recession, with more than a million possible tasks to eliminate if the virus is contained until September.The Development Bank (BAfD) and the International Labour Organization (ILO) said on Tuesday. A joint report entitled “Combating the COVID-19 Youth Employment Crisis in Asia and the Pacific”, the BAfD and the ILO said that in Cambodia, Fiji, Nepal, Pakistan, the Philippines and Thailand, youth unemployment rates are expected to at least double the 2019 estimates even in a situation of short retenment of COVID-19.
In a general quarantine of the network, where the metropolitan domain of Manila and 4 neighboring provinces will fall back after a quarantine of the progressed network is changed for 15 days to delay the accumulation of COVID-19 instances when three-quarters of economic activities resume in June, part of the economy will be Youth Unemployment would still suffer from the remaining restrictions on the movement of other people and non-essential goods and – the BAfD and the ILO estimated that the youth rate would still suffer from youth unemployment in Filipinos would rise to 15.1% in the short term or, at worst, 19.5% in prolonged confinement, compared to just 6.8% in 2019.The AfDB and the ILO said the Philippines is likely to have a longer containment era until next month.
For those making the transition from school to work, knowledge from the last quarter of 2019 means that 9% of young staff were in their first job.
“The lack of seniority is a well-known cause of the highest unemployment rates among young people, as well as adults, in times of economic contraction.The move from a giant component of young personnel in Indonesia, Laos, Nepal and the Philippines to the world of painting has been achieved through a first task in the sectors that are now most affected by the existing crisis,” he said.-he adds.
In the Philippines, 3 of the top 4 sectors in which other young people discovered paintings fell into the high-impact category: wholesale and retail industry (23%), accommodation and catering (11%) production (10%), the report states..
Estimates from the BAfD and ILO showed that the tourism sector in the Philippines would lose maximum tasks among Filipino youth, and hotels and restaurants are expected to account for 19.8% of the total loss of work of young people in the country, followed by the retail industry (16.2 according to per cent), agriculture (15.2%) , structure (12.9%), others (8.1%) Domestic shipping array (3.6%) textiles (0.6%) . — With report through Annelle Tayao-InQ Game
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