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(Eagle News) — The Department of Labor and Employment on Friday, June 5, expressed hope the country’s labor force would recover with the resumption of economic activities amid the COVID-19 pandemic. Labor Secretary Silvestre Bello III made the statement after a survey by the Philippine Statistics Authority found the country’s unemployment rate rose to a record-high 17.7 percent in April, equivalent to 7.3 million unemployed Filipinos. “As the economy opens gradually, we are hopeful that […]
(Reuters) – “We are seeing a mismatch of skills in the workforce and the jobs that are being created,” Philadelphia Fed President Charles Plosser said of the so-called STEM-trained workers who are in high demand. “Sadly, we are not doing an adequate job of preparing our workforce for these jobs,” he said in remarks prepared for delivery to a conference on reinventing older communities, hosted by his branch of the U.S. central bank. Plosser did […]
