Reskilling and upskilling for market relevance

On  December 19, 2020, the Asian Development Bank (ADB) released a blog post about how an estimated “two million Filipino workers may have lost their jobs by the end of the year.”

ADB Southeast Asia’s technology and innovation specialist Sameer Khatiwada and economist Rosa Mia Arao said that by the end of 2020, “around 2.1 million workers may have lost their jobs, relative to the pre-Covid baseline scenario. About 1.5 million workers (about 68 percent) may become unemployed, raising the unemployment rate from 5.1 percent in 2019 to 8.5 percent in 2020.”