The Department of Labor and Employment is now monitoring the possible impact on overseas Filipino workers of last weekend’s credit rating downgrade on the United States.
“We are closely watching how the credit rating downgrade of the US by Standard & Poor’s will unfold [in the near term],” Labor Secretary Rosalinda Baldoz said in a statement issued Tuesday.
The Labor chief pointed out she does not expect any massive layoff of OFWs despite the economic crisis in the world’s No. 1 economy.
Baldoz also noted Bangko Sentral ng Pilipinas Gov. Amado Tetangco Jr. had downplayed the effects of the credit rating downgrade on the Philippines.
On the other hand, she said it is too early to tell how the downgrade will affect the employment of Filipinos in the US.
The DOLE said the Philippines’ deployment of new hires and rehires to the US stood at only 3,705 OFWs as of the end of 2010.
“In 2010, we deployed only 3,705 OFWs to the US compared to 6,248 OFWs in 2009. Most of them were farm and hotel/resort workers holding H2B and H2A visas,” she said. — JE, GMA News
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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