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Monster Employment Index shows 3% decline in online hiring for April

By Minjun ParkPhilippines
1 min read
College students waiting at a job fair in Tokyo
College students waiting at a job fair in Tokyo
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Online hiring in the Philippines fell 3% year-on-year in April according to the latest Monster Employment Index.

Despite the 3% year-on-year drop, online hiring improved over last month’s 24% decline.

“The Philippine economy had expanded faster than analysts’ predictions in Q1, largely driven by jobs across the services sectors. This expansion has given rise to employee demands for various related roles, with the retail sector taking lead in hiring activities,” Sanjay Modi, Monster.com managing director for India, Middle East, Southeast Asia and India, said.

The retail sector showed a 49% jump in online hiring activities, its first positive growth since March 2015. Among the occupations, showed a 33% year-on-year growth in April. Meanwhile, the hospitality and travel sector showed a 63% decline in online hiring year-on-year.

“The Philippines is also likely to continue to lure more businesses, thanks to its business-friendly environment, which will continue to drive the labor market. Demands for financial analysts, BPO and IT professionals, web-developers and healthcare workers will be on the rise in the months ahead,” Modi said.

Questions & Answers

Q.

What was the overall change in online hiring in the Philippines during April?

A.

Online hiring in the Philippines experienced a 3% year-on-year decline in April. However, this represents an improvement compared to the 24% decline recorded in the previous month.

Q.

Which specific industry showed the strongest growth in online hiring during April?

A.

The retail sector demonstrated the strongest growth, with a 49% jump in online hiring activities. This marked its first positive growth since March 2015, showing a significant turnaround.

Q.

Which sector experienced a significant decline in online hiring year-on-year?

A.

The hospitality and travel sector saw a substantial 63% decline in online hiring year-on-year. This indicates a challenging period for online recruitment within that specific industry.

Q.

What occupations are predicted to see increased demand in the coming months?

A.

Demands for financial analysts, BPO and IT professionals, web-developers, and healthcare workers are expected to increase in the months ahead. This is attributed to the country's business-friendly environment.

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