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Philippines: Job Trends in the Banking and Payments Sector (October 2023 - January 2024)

Industry: Banking and Payments
Current: Other Industry Indicators

The number of active job postings in the Banking and Payments sector of Philippines decreased by 31.67% MoM, and decreased by 31.65% since October 2023, reaching 2,524 active job postings in January 2024.
A total of 557 new jobs were posted in January 2024, witnessing a decrease of 3.97% as compared to the previous month. On the other hand, 1,727 jobs were closed in the same month implying that companies took out 157.38% more jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted decreased by 30.29% and the number of jobs closed increased by 72.36%
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new jobs posted observed a negative growth rate of 11.33%, the number of active job postings observed a negative growth rate of 11.91% and the number of jobs closed observed a growth rate of 19.9%. Between October 2023 and January 2024, the average number of jobs posted stood at 674, number of jobs closed stood at 1,017 and number of active jobs stood at 3,424.