Based on the latest Monster Employment Index (MEI), online job hiring in the Philippines dropped 24 percent last March from a year ago.
The online research firm, meanwhile, said online hiring in the country is expected to see significant improvements in the coming months.
The drop was actually an improvement following the 40 percent decline in February 2016.
“The Philippine economy is set for steady growth in 2016. We can expect to see lower unemployment and increased wages as businesses demand more labor to meet the growing economy,” The Star quoted Monster.com managing director for Southeast Asia Sanjay Modi as saying.
The manufacturing, automotive and ancillary sector is once again the worst performing industry, posting a 58 percent decline during the period.
For the eighth consecutive month, hospitality and travel jobs saw the steepest decline at 64 percent year-on-year.
On the other hand, customer service roles registered 21 percent increase and took the lead among all industry sectors.
The education sector also reported 20 percent year-on-year growth in online hiring activities, a 41 percent leap from the 21 percent annual decline reported in February.
The MEI is a monthly gauge of online job posting activity based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings across the Philippines.