11
Jul

Unemployment Rate in the Philippines (June 2008 Report)

Author: jps61974

Whoever said that the Philippines is enjoying great economic rewards is lying. Philippine unemployment rate rose once more in April of 2008, according to a report published by AFP last month.

To quote,

“Unemployment in the Philippines rose to 8.0 percent in April as economic growth began to ease amid soaring food and energy prices, the government said Tuesday.

This was up from 7.4 percent in January, the National Statistics Office said in its quarterly employment report.
Manila and the surrounding provinces, which together account for more than half the country’s economic output, had double-digit jobless rates topped by Manila’s 13.8 percent.

Of those who were employed, 35.7 percent only had part-time work of less than 40 hours a week, the office said.
Economic growth eased to 5.2 percent in the three months to March amid rising oil prices, the slowing US economy and the strong peso, which impacted on exports and pushed up inflation.

The economy grew 7.2 percent for the whole of 2007.
Some 49.6 percent of those employed worked in the services sector, 35.5 percent in the agriculture sector and 14.9 percent in industry.

Unskilled workers made up 32.6 percent of those employed, while farmers, forestry workers and fishermen accounted for 17.3 percent.”

This begs the question, “Is the government really doing something about this?” The poor Filipinos can answer this better than the executives at the Malacanang Palace.

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2 Responses so far to "Unemployment Rate in the Philippines (June 2008 Report)"

1 Kyla
July 12th, 2008 at 2:29 pm
I like the team-up made by GMA7 in Codename: Asero. Richard and Heart look great as a love team. Bagay sila.

[Reply]
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October 28th, 2008 at 3:19 pm
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