jobless growth

Recovery stalls with Q2 GDP quarter-to-quarter contraction — IBON

August 11, 2022

Contrary to the new economic team’s hype, research group IBON said that the quarter-on-quarter contraction of the economy in the second quarter of 2022 shows that recovery remains weak and requires more determined government action. IBON said that reopening the economy is not enough because too many Filipinos are still jobless, earn too little, and […]

1.3M jobs lost: Fall in number of employed bursts full recovery hype bubble

June 11, 2022

The incoming finance secretary claims that the economy is on its way to full recovery, but the over one million drop in employed persons in April 2022 proves otherwise.

Jobless, sluggish growth persists contrary to gov’t hype — IBON

November 10, 2021

Economic managers shouldn’t celebrate too soon over seemingly positive third quarter growth as more and more Filipinos lose jobs and increasingly make do with informal work. Economic growth is also still slowing with many sectors years from recovery.

Negative econ growth underscores jobs crisis – IBON

May 12, 2021

The first quarter 2021 economic performance is the clearest proof that government hype of employment surpassing pre-pandemic levels are hollow. The quality of work is deteriorating and the number of unemployed is higher compared to a year ago.

High real unemployment

July 10, 2019

#MalalangEkonomiya #MayMagagawa #PeopleEconomics #PeoplesSONA2019

Disguised Jobs Crisis

February 4, 2019

Download Briefing Paper here An excerpt from the IBON 2018 Yearend Birdtalk paper “Faltering Economy, Shell of A Democracy”: The socioeconomic conditions of the masses are not substantially or sustainably improving. A few gained from recent economic growth but not the people who need this the most. Domestic elites and foreign capital continue to profit […]