Construction and employment

Quick Summary:

Employment is a key indicator of economic health. The rise in the number of jobs in the labor market reflects the growth of the economy and supports all other industries.

The BSP’s policy-making Monetary Board reduced the benchmark interest rates by a cumulative 75 basis points in 2024. The adjustment is expected to be felt this year as banks reprice their loan rates.

I am optimistic that construction sector employment will continue to rise this year as committed investments materialize and more homes are built, driven by falling interest rates.

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Article Details

Author / Journalist: Mark Villar

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: November Investments Million Percent Data Economic Jobs Labor Employment Construction 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 16:03:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 791 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25157261

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 2 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 13 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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