BSP supports programs to lessen labor disruptions

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Sumary of BSP supports programs to lessen labor disruptions:

  • The Bangko Sentral ng Pilipinas said it will continue to support efforts aimed at reducing the immediate labor disruptions caused by the coronavirus disease 2019 (Covid-19) pandemic..
  • With this, he said the Bangko Sentral supports the quick implementation and distribution of the P22.9-billion supplemental social amelioration program for 22.9 million people in NCR Plus..
  • His remarks came after the release of the April Labor Force Survey, which revealed that the country’s jobless rate had dropped to 8.7 percent from 17.6 percent a year before..
  • “While the recent numbers show that 4.1 million Filipinos remain jobless, we are encouraged by the rising labor force participation and improvements in economic conditions that enabled millions of Filipinos to regain their jobs and incomes in April 2021,”…

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