New Law To Encourage Ordinary Filipinos To Invest In Capital Markets

Finance Secretary Ralph Recto highlights that the new law will contribute to the inclusive growth of the country through investment.

Streamlining Of VAT Refund Processes To Attract Foreign Investors

The Bureau of Internal Revenue is pushing for a new VAT refund process to make the Philippines more appealing to foreign investors.

How Ariella Arida’s Quiet Childhood Led To A Crowning Destiny

The journey of Ariella Arida highlights that the road to a crown is often paved with moments of doubt, learning, and ultimately, self-discovery. #LetsAllWelcome #LetsAllWelcome_AriellaArida

Trees May Emit Less Carbon Dioxide Under Climate Warming Than Expected

A recent international study suggests that trees might release less carbon dioxide under climate warming, offering hope in emission rates.

Angara To Look Into Youth Unemployment, Underemployment

Senator Sonny Angara to look into the unemployment and underemployment status of youths in the country.

Angara To Look Into Youth Unemployment, Underemployment

6
6

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Senate Committee on Youth, chaired by Senator Sonny Angara who filed Senate Resolution No. 155, is set to conduct an inquiry on Thursday into the state of youth unemployment and underemployment in the country.

Angara expressed his concern on Wednesday about the difficulty of young Filipinos finding work even though the economy has started to open up once again after two years of the coronavirus disease 2019 (Covid-19) pandemic.

While there was a decline in the actual figures over the past two years, Angara said the numbers are still high and could even go back up unless the necessary interventions are introduced to address the issue.

“The Covid-19 pandemic had a huge impact on the entire population, including the youth. It could even be argued that the youth faced greater challenges during the pandemic because of the restrictions imposed on mobility. It was very difficult for them to join the labor force,” Angara said in a statement.

Based on the Labor Force Survey conducted by the Philippine Statistics Authority (PSA) in June 2022, youth employment rate increased to 88.2 percent from 87.9 percent in May 2022.

The survey also reported that underemployed youth decreased to 653,000 in June 2022 from 745,000 in May 2022.

Angara urged the government to utilize the existing laws for the empowerment of the youth.

“There are several laws in place to help the Filipino youth in finding jobs, including RA 10917 or Expanded Special Program for the Employment of Students; RA 10869, which institutionalized the JobStart Philippines program; and RA 11261 or the First Time Jobseekers Program. These laws have done a lot to assist the youth but we want to see what else we can do to address the gaps between education and employment,” he said.

Apart from Senate Resolution No. 155, other matters to be taken up are Senate Bills 180, 675 and 840, which all seek to establish the Young Farmers and Fisherfolk Challenge program. (PNA)