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
August 12 –
International Youth Day
“Empowering youth,
building generations!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
August –
Aug 1-7 World breastfeeding week
Aug 9 – International Day of the World’s Indigenous Peoples
Aug 12 – International youth day
Aug 19 – World humanitarian day
Aug 23 – International Day for the Remembrance of the Slave Trade and Its Abolition
Monthly Observances:
Farms Safety Month
Breastfeeding Awareness Month
Weekly Observances:
Aug 17-23: Made in the Philippines
Product Week
Aug 29-Sept 5: Rice and Corn Week
Daily Observances:
Aug 1: Family Planning Day
Aug 9: National Indigenous Peoples Day
Aug 12: International Humanitarian Law Day
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