For example, in the first eight months of 2008, as the Great Recession was getting underway, the official monthly employment data showed total job losses of about 750,000 (figure 4).
Rest assured, your insights will serve as useful inputs to the BSP’s conduct of monetary policy, as we all strive to build the “hardware” that would propel our country to sustainable and inclusive growth. Thank you and mabuhay tayong lahat! 2/2  BIS central bankers' speeches