The Department of Finance (DOF) is optimistic that the rosy domestic labor market would fuel consumer spending that supports the country’s economic recovery from the prolonged-pandemic. In a statement on Wednesday, Nov. 9, Finance Secretary Benjamin E. Diokno said the latest Labor Force Survey...
TACLOBAN CITY – The inflation rate in Eastern Visayas went up to 7.4 percent in October after two consecutive months of deceleration, the Philippines Statistics Authority said. It registered double-digit inflation of 11.1 percent from 8.6 percent in September. The PSA attributed the uptrend...
President Ferdinand "Bongbong" Marcos Jr. is elated by the declining number of unemployed Filipinos, saying it was a "good sign" that the economy has started to recover from the Covid-19 pandemic. (ALI VICOY / MANILA BULLETIN) Marcos said this after the Philippine Statistics Authority (PSA)...
The prolonged pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, saying the region will likely find it harder than before to escape poverty, a report by the Asian Development Bank (ADB) revealed. According to ADB’s Key Indicators for Asia and the...
(OCTA RESEARCH FELLOW DR. GUIDO DAVID / TWITTER) OCTA Research fellow Dr. Guido David on Monday, Aug. 22, said that 10 Luzon provinces continued to register “very high” or above 20 percent Covid-19 positivity rates over the past week. Positivity rate refers to the number of individuals who...
(OCTA RESEARCH FELLOW DR. GUIDO DAVID / TWITTER) The OCTA Research Group has observed that the seven-day Covid-19 growth rate in Metro Manila has decreased to -1 percent as of Aug. 14, which could be the beginning of a downtrend in infections in the central region. In an update shared on Twitter on...
More than two million Filipinos were pushed into poverty in the last three years, which the National Economic and Development (NEDA) blamed to the effects of the prolonged Covid-19 pandemic on the economy and employment that brought to 19.99 million total number of poor Filipinos in the country....
(OCTA RESEARCH FELLOW DR. GUIDO DAVID / TWITTER) OCTA Research fellow Dr. Guido David said that the Covid-19 positivity rate in Metro Manila has decreased to 16.4 percent, which could be an indication that the current wave of infections has already peaked. In an update on Twitter on Sunday, Aug....
(OCTA RESEARCH FELLOW DR. GUIDO DAVID / TWITTER) The Covid-19 positivity rate in Metro Manila had slightly increased over the past three days, OCTA Research fellow Dr. Guido David said on Saturday, Aug. 13. However, David pointed out that the trend appears to have plateaued. In an update posted on...
Department of the Interior and Local Government (DILG) secretary Benjamin ‘Benhur’ Abalos Jr. tasked the Bureau of Fire Protection (BFP) to improve its response time to save as many lives and property. Abalos said the standard response time of the firefighters is seven minutes for every...
The Department of Finance (DOF) said the local jobs market has continued to improve, citing positive figures from the Philippine Statistics Authority’s (PSA) June 2022 Labor Force Survey results. In a statement Tuesday, Aug. 9, Finance Secretary Benjamin E. Diokno said that while the June...
The number of unemployed Filipinos inched up in June as job seekers joining the labor force increased, but the unemployment rate was steady at 6 percent, data from the Philippine Statistics Authority (PSA) showed on Monday, Aug. 8. Based on the June 2022 round of PSA’s Labor Force Survey, there...
