For Ibon, the widening gap between the rich and the poor illustrates best the state of the Philippine economy. The P4-trillion net worth of 40 richest Filipinos is equivalent to the income of 54 million Filipinos.
Tags: unemployment rate
Inescapable reality
By BENJIE OLIVEROS Analysis For sure, President Benigno Aquino III would be boasting about the 6.8 percent growth in the Gross Domestic Product (GDP) last year and the 7.8 percent growth during the first quarter of 2013 when he delivers his fourth state of the nation address on July 22 Monday. He would be attributing…
Economy Loses 467,000 Jobs in June; Unemploymenht Edges Up to 9.5 Percent
By DEAN BAKER Truthout/Perspective International Posted by (Bulatlat.com) Unemployment among men is near its all-time high. The economy shed another 467,000 jobs in June, as the unemployment rate edged up to 9.5 percent. The rise in unemployment would have been higher, except 155,000 people left the workforce, pushing down the employed percentage of the population…