We project employment to grow by 2.6 per cent in 2018 and 1.9 per cent in 2019. The 20.4 percent cumulative increase in employment from 2011 Q3 through to 2018 Q2 has been enabled by a decline in unemployment from 15.9 per cent (2011 Q4) to 5.8 per cent (2018 Q2), together with an increase in the participation rate and inward migration.
Felipe M Medalla: Full speed ahead for payments digitalization Speech by Mr Felipe M Medalla, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the launch of the USAID's Strengthening Private Enterprise for the Digital Economy (SPEED), 10 January 2023. *** I am a former professor of Economics, so I have to clarify a few things.