Senate Majority Leader Joel Villanueva on Wednesday lauded President Ferdinand Marcos Jr. for signing the Trabaho Para sa Bayan bill which is now called Republic Act No. 11962 also known as the Trabaho Para sa Bayan Act.

"I am thankful to President Ferdinand Marcos Jr. for his trust and support to me to lead the legislation of this important measure which is the key to addressing various challenges and creating jobs in the country," Villanueva said in a statement.

The new law, which Villanueva principally sponsored and authored, aims to institutionalize a National Employment Master Plan to promote job-led economic growth and enhanced industry collaboration, provide overall services for worker development, and push for support and incentives to businesses.

Under the law, the government shall establish a national employment generation and recovery master plan with a three-, six-, and 10-year development timeline.

The master plan includes initiatives for supporting micro, small, and medium enterprises, worker upskilling, employer incentives, and youth employment, as well as for the reintegration of overseas Filipino workers (OFWs), among others.

The Trabaho Para sa Bayan Inter-Agency Council will be constituted to monitor, review, and evaluate the implementation of the components of the plan.

The council will be composed of the heads of the National Economic and Development Authority, Department of Trade and Industry, Department of Labor and Employment, Technical Education and Skills Development Authority, Department of Budget and Management, Department of Finance, Department of the Interior and Local Government; and representatives from employers' organizations, labor groups, marginalized sector, and the informal sector.