Almost three million drop in employed sign of swelling ranks of discouraged workers—IBON

September 8, 2023

Research group IBON said that the 2.8-million collapse in the number of employed persons but small decline in unemployed confirms that many Filipinos have dropped out of the labor force. This is due to the lack of jobs – even work that is self-employed and informal. The group said that this huge increase in discouraged […]

Tax the super-rich

August 15, 2023

NEWS ANALYSIS

Growing billionaire wealth amid increasing poverty, worsening joblessness, and stagnant wages shows that it’s high time for the Marcos Jr administration to heed calls for a wealth tax on the country’s billionaires.

Three straight quarters slowdown confirms economic decline

August 11, 2023

Growth slowing for three straight quarters confirms economic decline under the Marcos Jr administration. The economic rebound and momentarily fast growth from reopening, which was measured from the worst economic contraction in the country’s history, is over. The economy has returned to its trajectory of slowing growth that started even before the excessive pandemic lock […]