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PRRD MID-YEAR REPORT 2021: A THREAD
This thread will highlight some of the major accomplishments and interventions done by the government amid the continued threat posed by COVID-19. 🇵ðŸ‡ðŸ‘Š
This thread will highlight some of the major accomplishments and interventions done by the government amid the continued threat posed by COVID-19. 🇵ðŸ‡ðŸ‘Š
[ECONOMIC DEVELOPMENT]
✅Unemployment decreased from 8.7% in April 2021 to 7.7% in May
✅Underemployment fell to 12.3% in May 2021, the lowest since 1987
✅Labor force participation increased to 64.6% in May from 63.2% in April 2021
✅1.5-M jobs created between April-May 2021
✅Unemployment decreased from 8.7% in April 2021 to 7.7% in May
✅Underemployment fell to 12.3% in May 2021, the lowest since 1987
✅Labor force participation increased to 64.6% in May from 63.2% in April 2021
✅1.5-M jobs created between April-May 2021
✅Govt continues to implement economic recovery package that amount to PHP2.7-T
✅Debt levels remain manageable:
- Interest payments (IP) to revenue ratio at 13.3% in 2020 (compared to 36.9% in 2004)
- IP to expenditure ratio improve to 9% in 2020
✅Debt levels remain manageable:
- Interest payments (IP) to revenue ratio at 13.3% in 2020 (compared to 36.9% in 2004)
- IP to expenditure ratio improve to 9% in 2020
