Economic optimism looms on improved jobs data

THE country’s chief economist said that the improved performance of the labor market in 2011 bolsters the optimism for a better economy this year.
Last year, the employment level jumped by 3.2 percent or 1.156 million, largely on the strength of the continued growth in services and the recovery in agriculture, although there was a slowdown in the industry sector, Socioeconomic Planning Secretary Cayetano Paderanga said.
He added that the quality of employment remained positive last year, with growths seen in wage and salary employment (4.6 percent) and full-time employment (1.5 percent), and slight easing of the unemployment rate (from 7.3 percent in 2010 to 7 percent in 2011).
The labor force participation rate also went up a bit to 64.6 percent from 64.1 percent in 2010 based on the quarterly Labor Force Survey (LFS), which involves a sample of 51,000 households.
Paderanga, however, said that many of the employed are working in the informal sector, where the income levels are really quite low.
“We would like to produce more work in the formal sector,” Paderanga, who is also director-general of the National Economic and Development Authority (Neda), said without elaborating.
While the Philippines may have fewer unemployed persons, the country would compare unfavorably to developed economies in terms of underemployment, which increased from 18.8 percent in 2010 to 19.3 percent in 2011.
The unemployed is internationally defined as persons 15 years old and over without work, seeking work and available for work.
On the other hand, the underemployed are those of the same age bracket that are already employed but want to have additional hours of work in their present job or an additional job, or to have a new job with longer working hours.
“In the Philippines, many of those already employed are finding themselves in jobs that they probably are not satisfied with. Many are fully employed but wages are low,” Paderanga said, adding that a high underemployment rate is an indicator of low per capita income.
The country’s economy may grow anywhere from 5 to 6 percent in 2012 supported by increased infrastructure and social services spending, Budget Secretary Florencio Abad had said.
Last year, public underspending on infrastructure and weak export receipts sapped the country’s economic growth after posting only 3.7 percent, just half of the 7.6 percent expansion registered in 2010.
http://www.sunstar.com.ph/breaking-news/2012/03/02/economic-optimism-looms-improved-jobs-data-209138
The growing array of hotel resort accommodation, recreation and entertainment facilities, places to unwind and relax, fine dining and family restaurants, bars and pubs makes it increasing easy for tourists and visitors from Manila to spend quality time in a place of leisure in Clark, Pampanga.

To many visitors from Manila, a place of leisure or a good hotel or resort in Pampanga must be located in a city that is safe, clean and not so noisy. Convenience and accessibility are important considerations in choosing a holiday destination in Philippines. Clark Freeport is probably the easiest tourist destination to reach from Manila. Clark also has its own international airport with dozens of daily flights connecting Clark directly with Hong Kong, Macau, Taiwan, Singapore, Bangkok, Malaysia and South Korea. Clark is home to some of the best golf courses in Pampanga. Although golf continues to be one of the reasons why visitors from Manila travel to Pampanga, residents of Angeles City, Subic and Bulacan travel to Clark not just to play golf in one of the best golf courses in Pampanga but also to relax and unwind in the best resort in Philippines.

Hotels, resorts, vacation rentals, fine dining and family restaurants, bars and pubs, entertainment, nightlife, place of leisure, sports and recreation facilities in Clark and Angeles Pampanga are showcased for the convenience of visitors planning a getaway from Manila or a weekend out of town to relax and unwind in a clean and safe city.

Spa is not the only way to unwind for people who are stressed out by Manila traffic and noise pollution.

Clearwater Resort & Country Club offers several styles of accommodation from US$65 up inclusive of breakfast for two at the beautiful Breakfast Garden Restaurant overlooking the large Clearwater lake and beach. This is a good rendition of the lifestyle that the Americans left behind after they left the Clark Airbase. A good short description of this lifestyle is suburban laid-back slow-paced clean living, very suitable for tourists and guests looking for a way to unwind from the stress of living in Manila.

In a city like Manila, most residents rely on visits to spa and beauty parlor to unwind and relax. But with a short getaway to Angeles City Clark Pampanga one can de-stress by enjoying beautiful outdoor amenities of this beach resort, savoring what nature can offer.

For reservations, comments and inquiries,

Clearwater Resort & Country Club
Creekside Road corner of Centennial Road,
Central Business District, Clark Freeport Zone,
Pampanga, Philippines 2023

Tel: (045)599-5949 0917-520-4403 0922-870-5177

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

http://www.ClearwaterPhilippines.com

Email: Inquiry@ClearwaterPhilippines.com

Getting to this hotel in Clark Philippines
After entering Clark Freeport from Subic, Manila, Dau and Angeles City, proceed straight along Clark’s main highway MA Roxas, passing Clark’s largest wine shop called Clark Wine Center on your right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, you will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on your right just 200m down. Traffic in Clark Philippines is light so it should be quite easy for get to this hotel in Clark Philippines.

For inquiries and bookings, click here to contact Clearwater Resort now

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com

For jobs and business investment opportunities in the Philippines please visit http://www.yilp.com