The Marcos Jr administration is rather tone-deaf considering employment declined and unemployment rose. Millions of Filipinos also struggled with poor-quality jobs, low incomes and worsening poverty. #PeopleEconomics www.ibon.org/govts-optimi... - ThreadSky

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ibonfoundation.bsky.social • 25 days ago

The Marcos Jr administration is rather tone-deaf considering employment declined and unemployment rose. Millions of Filipinos also struggled with poor-quality jobs, low incomes and worsening poverty.

#PeopleEconomics

https://www.ibon.org/govts-optimism-disregards-filipino-workers-hardship/

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ibonfoundation.bsky.social•25 days ago

Employed persons from 50.5M in Dec 2023 to 50.2M in Dec 2024. There was a slight increase in unemployment from 1.6M to 1.63M, while underemployment dropped by 530,000.

ibonfoundation.bsky.social•25 days ago

While total underemployment declined, the number of invisibly underemployed persons grew by 355,000. This means that despite working 8 hours or more a day, an increasing number of employed persons are seeking additional work due to low and insufficient earnings.

ibonfoundation.bsky.social•25 days ago

The prevalence of informal employment is another indication of the poor jobs situation. The lack of decent work and low incomes are resulting in more poor and vulnerable Filipinos.

ibonfoundation.bsky.social•25 days ago

The Marcos Jr admin’s optimism over the labor market shows it deliberately ignores Filipino workers’ reality. For the labor market to be genuinely steady, the nation needs leaders who can champion substantial wage hikes and subsidies for small businesses and producers.

ibonfoundation.bsky.social•25 days ago

They should also be committed to strengthening domestic agriculture and industries, which can in turn generate sustainable jobs and further boost the country’s stagnant economy.

https://www.ibon.org/govts-optimism-disregards-filipino-workers-hardship/

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