Thursday, June 13, 2013

EMIL JURADO: The NSO has said that unemployment worsened to 7.5% in April. This translates to 3.09M Filipinos unemployed. The underemployed now number 7.25M Filipinos. So what does a resurgent economy mean for people who don't even have food on the table? In the last few days, a number of not-so-good things happened in the economic front. First came the decrease of exports, then the increasing OUTFLOW of foreign direct investments because of a reported rebound of the US economy. The peso weakened, resulting in big losses in the stock market.

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