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Philippines Job Market Insights for October 2023: foundit Insights Tracker 

The foundit insights tracker (fit) for the Philippines indicated a 4% annual decrease in e-recruitment for October 2023, with stable month-over-month growth in October’23 .  

 October’s figures mirror a stable yet subdued job market over the past three months, with companies adjusting their hiring strategies amid shifting market dynamics. 

Sector-Wise Highlights (YoY numbers)  

Positive Momentum: Retail, Healthcare, and BPO/ITES sectors experienced annual growths of 26%, 17%, and 15%, respectively. 

Challenges Ahead: Logistics, IT, Telecom/ISP, Advertising, and BFSI sectors saw declines, with Logistics facing the steepest drop at 18% YoY. 

Functional Area Insights 

Growing Roles: Customer Service roles surged by 18% YoY, while Healthcare roles also saw an increase. 

Roles in Decline: Sales & Business Development and HR & Admin roles faced the most significant declines at -11% YoY. 

About the foundit insights tracker  

The foundit Insights Tracker (fit) Philippines, earlier known as the Monster Employment Index, is the leading guide to Philippines’ e-recruitment landscape. By examining millions of job listings, fit provides insights into the hiring trends in Philippines.   

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