Live Breaking News & Updates on 000 Jobs Were Created Last December

MANILA - Philippine economic growth is projected to remain robust this year despite the hit from the Omicron variant in January given the strong job creation in December 2021 and the expected rise in infrastructure spending. According to the February 2022 issue of the Market Call, the monthly joint publication of First Metro Investment Corporation (FMIC) and the University of Asia and the Pacific (UA&P), the higher-than-expected 7.7-percent gross domestic product (GDP) in the last quarter of 2021 "rekindled optimism that the economy is back on the rapid growth track." Citing government data, the report said 797,000 jobs were created last December, bringing the total employment number for the last quarter to 2.7 million, which in turn, boosted economic expansion during the period. The stronger-than-expected growth in October to December resulted in the full-year print of 5.6 percent, the report said. A plus for domestic growth was the debt-to-GDP ratio of 60.5 percent by t ....

Bangko Sentral , First Metro Investment Corporation , University Of Asia , Market Call , Manila Philippine Economic Growth Is Projected To Remain Robust This Year Despite The Hit From Omicron Variant In January Given Strong Job Creation December 2021 And Expected Rise Infrastructure Spending According February 2022 Issue Of Market Call , He Monthly Joint Publication Of First Metro Investment Corporation Fmic And The University Asia Pacific Ua Ampp , He Higher Than Expected 7 Percent Gross Domestic Product Gdp In The Last Quarter Of 2021 Quot Rekindled Optimism That Economy Is Back On Rapid Growth Track Citing Government Data , He Report Said 797 , 000 Jobs Were Created Last December , Ringing The Total Employment Number For Last Quarter To 2 7 Million , Which In Turn , Oosted Economic Expansion During The Period Stronger Than Expected Growth In October To December Resulted Full Year Print Of 5 6 Percent , He Report Saida Plus For Domestic Growth Was The Debt To Gdp Ratio Of 60 5 Percent By End Last Year , Hich Was Lower Than The Publication 39s Projection Of 63 Percent Another Positive Factor Is Easing Domestic Inflation Rate , Hich Decelerated Further To 3 Percent Last January From The Previous Month 39s 2 , T Said Quota Surge In Omicron Variant Cases January Notwithstanding , E Think Growth Will Accelerate In 2022 Especially Considering The Huge Job Gains Q4 Fourth Quarter 2021 Infrastructure Spending Should Drive H1 First Half Since Election Bans Exclude Major Projects , Uot It Added With Growth Expected To Remain Robust , He Report Discounts Any Change In Bangko Sentral Ng Pilipinas 39 Bsp Policy Rates The First Half Of This Year Quot As M3 Domestic Liquidity Growth Has Remained Fairly Tepid Anda Robust Economic Recovery Well Place Before Monetary Authorities Tighten Despite Expected Hikes Us Central Bank 39s Key Have Been Slashed Offa Total 200 Basis Points 2020 Part Measures To Help Buoy Economy From Impact Pandemic Date , He Bsp 39s Overnight Reverse Repurchase Rrp Rate Is Ata Record Low 2 Percent , He Overnight Deposit Rate At 1 5 Percent , Nd The Overnight Lending Rate At 2 5 Percent Amidst These Positive Developments , He Report Forecasts The Peso To Weaken Against Us Dollar Quot With Bulging Trade Deficits Hitting Record Levels And Remaining Strong , He Peso Shall Experience Upward Pressure , Uot It Added To Date , He Local Currency Is Holding Up At 51 Level Against The Us Dollar Pna ,