JOBS in the wholesale and retail trade sectors are seen to boost further as inflation cools down and increases consumers’ discretionary purchasing power, according to Finance Secretary Ralph G. Recto.
“The continuous decline in the country’s inflation rate will benefit businesses, especially those in the wholesale and retail sectors, as this means our people will have more money to spend on non-essential items,” Recto said on Friday.
The biggest employment drivers in July 2024 were the wholesale and retail trade sectors, adding 1.07 million more workers to the labor force. These are expected to maintain the Philippines’s appeal to investors, attract more international companies and expand export-oriented industries to create more job opportunities for skilled workers.
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