jobless growth

Economic slowdown stresses urgency of boosting household purchasing power with wage hikes, ayuda– IBON
May 14, 2023
The continuing deceleration in household spending from low incomes and high prices is among the biggest factors in the slowdown, and is among issues that the administration can immediately address

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.

IBON Executive Director on the 2021 3rd quarter GDP growth
November 9, 2021

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 […]