UP Ibalon Bicol: Who says we are spared from the effects of recession?

Who says we are spared from the effects of recession?

2/27/2009 | Posted by mesiamd | Edit Post

Presidential spokesman Anthony Golez said the Philippines wasn’t among the Asian countries affected by the worldwide recession. It might be a lie that Malacanang Palace wanted us to believe. He based his conclusion to the non-inclusion of the country in the International Labor Organization (ILO) list which projects 113 million jobs loss in Asia as the world economy continues to falter (Malaya , 02/20/09 Bengco, R.) According to ILO, the expected unemployment number this year will be more than the 22.3 million jobs Asian countries lost in 2008.

It will do us good if we look closely at the data Golez is referring to before we celebrate. We aren't that trusting anymore. The effects of the financial meltdown are just beginning to show. It is foolhardy for him and the government he represents to assume that we aren’t affected.

The unemployment we see in the street is a better gauge than the assurances of government officials. We see what food we eat and what clothes we wear. Most of us are familiar of the signs of chronic job loss and their aftermath. The employment stagnation in the country is long-standing and antedates the global economic meltdown.

5,500 OFWs lose jobs—--Arroyo

"Some 5,500 Filipino overseas workers have lost their jobs abroad and returned home over the past four months, President Gloria Macapagal-Arroyo said Thursday. The Department of Labor announced earlier this week that 39,000 Filipinos had lost their jobs since October, a number which included overseas workers."---Agence France-Presse/ Inquirer (02/26/09)

Foreign companies are pulling out their business operations in Manila. Unemployment among fresh graduates continues to rise. There is pervasive underemployment and lay-offs. The rush for jobs abroad doesn’t abate even if applicants downgrade their qualifications just to grab work even if it is risky and suffers from inadequate pay. With a bearish investment climate, people are afraid to shell out money that stir spending and growth. The number of impoverished Filipinos continues to rise.

Pres. Gloria M. Arroyo’s job creation is too little to assuage the fear and anger of the public. The government projects that are quick-disbursing, high-impact, and labor intensive (according to Management Dir. Hermogenes Esperon) don’t come close to reality when one sees the widespread unemployment, poverty, and corruption in the country. That’s why we rely early on ourselves more than depend on announced legislated measures by the administration. (Photo Credits: Slavishtubesocks; JRIOrion)=0=

3,000 IT & 10,000 semiconductor jobs at risk

"At least 3,000 information technology (IT) jobs are at risk in first quarter alone while 10,000 positions in semiconductor industry could be shed during the first half of the year due to the global economic slump."---GMANewsTV (02/28/09)

=========================================================

Labels: economy, employment, ILO, International Labor Organization, joblessness, jobs, national economic planners, OFW, OFW market, overseas worker, recession, Totie Mesia, workplace

UP Ibalon Bicol

Who says we are spared from the effects of recession?

Blog Archive

About Me

UP Ibalon Newsmakers

Topics/Categories

Feedjit Live Blog Stats

Topics/Categories

Featured

Ateneo de Naga HS Batch 74

ABS-CBN News

Recent Posts

GMA News.tv

Philippine Commentary

Inquirer Breaking News