Think tank flags PHL low-quality growth

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The story "Think tank flags PHL low-quality growth" was covered 14 hours ago by Business Mirror, a news publisher based in Philippines.

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Think tank flags PHL low-quality growth - Business Mirror

Quick Summary:

THE decline in employment as inflation increased in the Philippines in recent months—and vice versa, as unemployment rose when inflation slowed —may have been due to poor quality economic growth, according to a United States-based think tank.

The Philippines’ Labor Force Survey reveals that 38.3 percent of employed individuals fall into this category, underscoring the precariousness of their work arrangements and heightened susceptibility to crises or shocks.

However, the country’s unemployment rate slowed to 3.1 percent in July but increased to 4.7 percent in August.