The Department of Labor and Employment’s (DOLE) Bureau of Local Employment (BLE), with its mandate of developing and maintaining of the Philippines labor market information (LMI) system in aid of proper manpower and development planning, shared its expertise on local LMI to a Labor Economics symposium held at the University of Santo Tomas (UST) Beato Angelico Audio Visual Room last 25 October 2016.
With the theme, “Work Work Work: Redefining the Philippine Labor Market,” the symposium was organized by the UST Artlets Economics Society. The seminar was participated mostly by second (2nd) and third (3rd) year Economics students of the UST College of Arts and Letters.
With Labor Economics as the symposium’s focus, BLE representative Ms. Ruth Rodriguez, Division Chief of the Labor Market Information, Research and Career Guidance Advocacy Division (LMIRCGAD), commenced her topic presentation on the nature of the Philippine labor market. Also discussed to the participants was the overview of the latest July 2016 Labor Force Survey Report.
Alongside with labor market trends and national employment situationer, school-to-work transition was also tackled to give the participants a picture of the factors that influence recruitment and hiring.
“We hope that these LMI serve not only as references to your Labor Economics researches, but also as guides in your career decision making,” said Chief Rodriguez, emphasizing LMI as major component of good career guidance and employment coaching. LMI Chief Rodriguez ended by introducing DOLE employment facilitation programs that are targeted to facilitate youth employment and job-skills matching.
Moreover, Dr. Rene Ofreneo, a Professor at the University of the Philippines School of Labor and Industrial Relations (UP-SOLAIR) was also invited to impart his knowledge of the current labor market situation. Dr. Ofreneo focused on the economic status of the country while providing employment statistics for the past five (5) years.
According to Ms. Dianne Cristobal, UST Artlets Economics Society Project Head, the seminar on Labor Economics is an annual event of the organization. Cristobal, furthermore shared that with the organization’s drive to deepen their knowledge on the constant changes in the labor market, the UST Economics Society is looking forward for more workshops and seminars with the Bureau.