jobless growth
Job-losing growth in first quarter 2024 is cause for alarm not optimism – IBON
May 10, 2024
The difficulty in creating enough decent and sustainable work which leaves millions of Filipinos to survive off of meager incomes certainly cannot in any way be a source of “optimism and pride,” as the National Economic and Development Authority (NEDA) put it when the growth figures were released
Stagnant employment and shrinking labor force indicate worsening disguised joblessness — IBON
January 10, 2024
The lower unemployment rate appears favorable but should not be taken at face value.
IBON Executive Director on the 3rd quarter 2023 growth rate
November 9, 2023
Over 1M rise in part-time workers belies admin’s ‘favorable’ labor market claims—IBON
July 8, 2023
NEWS
Despite months of government playing up so-called reforms to ensure high-quality job generation, more and more Filipinos are struggling to earn whatever they can just to get by.
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.
