Persisting jobs crisis belies gov’t claims of growth momentum

Research group IBON said that the increase in unemployment and informal work in May 2022 shows that the jobs crisis persists despite the government’s opening up of the economy and hype of economic growth. The group said that to address this, the new administration needs to invest substantial funds into genuine economic stimulus to arrest the jobs crisis.The Philippine Statistics Authority (PSA) reported that the number of employed grew by 452,000 to 46.1 million in May 2022 from 45.6 million in April 2022. However, IBON said that the higher numbers of unemployed, underemployed and those in informal work means the jobs crisis is far from over, contradicting the government’s claim of economic growth momentum.

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Persisting jobs crisis belies gov’t claims of growth momentum

Persisting jobs crisis belies gov’t claims of growth momentum

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