Jobs and Labor Market Forecast 2025-2026

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IN PHOTOS | Technical Services Support Division Chief Annie Tangpos of the Department of Labor and Employment (DOLE) Caraga, discussed the Jobs and Labor Market Forecast 2025-2026, during the 1st Regional Career Development Support Forum and Exposition on Sept. 11, 2024 in Butuan City, participated by the representatives from the local government units, basic and higher educational institutions, and national government agencies, among others.

She also explained the gaps and challenges on economic imbalance risks.

"The data suggesting that in 2023, services contribute 55.6 percent; industry 33.4 percent; and agriculture, forestry, and fishing 11 percent to Caraga region, while there may be growth opportunities in expanding service-related businesses, improving service quality, and investing in sectors like tourism or technology services," she said.

"The services sector, especially those related to consumer spending (like retail and hospitality) can be highly sensitive to economic downturns. If there's a recession or economic slowdown, spending on services can drop significantly," added Tangpos. (Jennifer P. Gaitano/PIA-Caraga)

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