The International Labor Organization (ILO) has warned that fiscal austerity and labor market reforms had a ‘devastating consequences’ for employment worldwide.
The move to create a government agency to exclusively cater for the needs of Overseas Filipino Workers (OFW) is a welcome development.
Germany best performance since reunification 20 years ago which is equivalent to nearly 9 percent annual economic growth rate or a quarter on quarter economic growth of 2.2 percent as it was announced by the government.
Chinese workers had been China’s backbone in their growing economy and trade growth.They are the engine of China economic growth and roaring export economy.
The Panic Depression of 1873, was considered the long economic depression followed by years of deflation and instability while the financial crisis of 1929 to 1931 was considered as the Great Depression followed by years of mass unemployment.