Department of Labor and Employment (DoLE) Secretary Silvestre Bello III said that the government targets to generate 7.2 million jobs by 2022, the end of President Rodrigo R. Duterte’s administration. In case you missed it (ICYMI), read on to learn more about it.

3 Fast Facts About DoLe’s 7.2 Million Job Creation Target In 2022:

 

1. DoLE aims to create 1.2 million jobs annually starting in the middle of 2017 to 2022.

“About 1.2 in a million a year jobs,” Bello III said in a news conference at a trade and employment forum. The estimated goal is much ambitious than that of former President Benigno Aquino III's goal during his term.  During the Aquino’s administration, 4.3 million jobs were created.

READ: World Bank Calls For More Quality Jobs To Lift Filipinos Out Of Poverty

2. DoLE is banking on consistency on the estimated goal.

“During Aquino’s time, we were able to hit a million three times. Once in 2011, then in 2014, and the July 2015 to July 2016 total which we can still attribute to Aquino. The highest is July 2016 at 1.8 million jobs,” Dominique Tutay, a director under the Bureau of Local Employment, noted the decline on unemployment rates during his term. Tutay explained that there were years that only 300,000 jobs were generated by the economy while other times, there were 500,000 jobs generated.

With these numbers, the  Aquino administration managed to lower unemployment rate by  5.8 percent. The former administration also went beyond its target of 6 percent to 6.2 percent unemployment rate.

3. The government will expand employment in industries like aeronautics, manufacturing and services.

Labor Undersecretary Dominador Say said that the department is also leading to meet demands for workers in construction industry and bringing more overseas Filipino workers (OFW) back to the country. At the same time, it is encouraging rural residents to join in the industry. The department also plans to tie up with Technical Education and Skills Development Authority (TESDA) to train people to enter into the construction force and hopes for free training as well.

What do think of the Labor Department’s 7.2 million job creation target  in 2022? Let us know your thoughts in the comments section below?