TRIBUNE: Investments lack, slowing trade fuel 7.5% jobless rate
The figure puts the total of jobless Filipinos at 3.068 million during the month. The dismal employment data was accompanied by a NEDA report that exports contracted by 12.8 percent in April to $4 billion from $4.6 billion a year ago. The BSP also released data the other day that foreign direct investments (FDI) posted a net outflow of $78 million in March which means more investments flew out rather than infused into the country.
The figure puts the total of jobless Filipinos at 3.068 million during the month. The dismal employment data was accompanied by a NEDA report that exports contracted by 12.8 percent in April to $4 billion from $4.6 billion a year ago. The BSP also released data the other day that foreign direct investments (FDI) posted a net outflow of $78 million in March which means more investments flew out rather than infused into the country.
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