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unemployment rate in the philippines april 2020

Also read: 7.3 million Pinoys jobless, unemployment rate soared to 17.7% ‘Worse’ unemployment in PH seen in 2021 – labor group. Amidst the COVID-19 pandemic scare, about 251 thousand persons in Eastern Visayas labor force were unemployed in April 2020. The Philippine Statistics Authority (PSA), in a statement Friday, June 5, said the April jobless rate was more than three times the 5.3 percent in January 2020 and the 5.1 percent in April 2019. The February unemployment rate is the third highest since April 2020 — the highest unemployment rate registered at 17.6% during the peak of strict nationwide lockdown to contain the spread of COVID-19. This was 22.1 percentage points higher compared with the 5.2 percent rate in April 2019. Combining this year’s quarterly hunger surveys, which hit a staggering 30.7 percent in September, the average hunger rate for Filipino families reached an historic high of 21.1 percent in 2020. From 1976 to 1986, under the administration of Ferdinand Marcos, there were no double-digit unemployment rates recorded. Philippine Statistics Authority’s (PSA) latest Labor Force Survey showed Friday that the unemployment rate in the country rosed to 17.7 percent or equivalent to 7.3 million Filipinos displaced due to the coronavirus disease 2019 pandemic. Data from the Philippine Statistics Authority (PSA) showed that the unemployment rate in Central Visayas in April 2020 stood at 16.7 percent. This is the lowest since April... Read more about Employment Situation in January 2021. MANILA, Philippines (3rd UPDATE) – Unemployment soared to 17.7% in April 2020, equivalent to around 7.3 million jobless Filipinos amid the coronavirus pandemic, the Philippine Statistics Authority (PSA) announced on Friday, June 5. He added that only the government could implement measures that would boost the economy and offer more job opportunities. Correspondingly, the employment rate improved to 90 percent in July 2020 from 82.3 percent in April 2020. Northern Mindanao's unemployment rate as of April is lower than the national average of unemployment rate at 17.7%, Abario said. The 8.7% unemployment rate for October is lower than the 10% unemployment rate from July ... retail operations in PH April … The July labor situation, however, was an improvement from April 2020, when the number of jobless reached 7.3 million, or a record high unemployment rate of 17.7 percent. The PSA reported a 10 percent unemployment rate among Filipinos aged 15 and up, easing from 17.7 percent in April although still higher than the 5.4 percent level a year ago. f. Underemployment rate further declined in October 2020 at 14.4 percent from the rates in April and July 2020 at 18.9 percent, and 17.3 percent, respectively. National Statistician Dennis Mapa said this is the highest unemployment rate on record. Eurostat also said there were some 2.78 million unemployed young people -- under 25 -- in the EU27 in January, making for a 15.4% youth unemployment rate. The Philippine Statistics Authority however said it was still the 5th worst participation rate since April 2005, when the Philippine government adopted the current definitions for employed and unemployed persons. "This is a record high in the unemployment rate, reflecting the effects of COVID-19 economic shutdown to the Philippine labor market," PSA Head Claire Dennis Mapa said in a virtual media briefing. The 17.7 percent unemployment rate which translates to 7.3 million unemployed is highest, surpassing the 10.3% unemployment rate in the 1998 recession in the Philippines. Preliminary results of the Philippine Statistics Authority’s July 2020 round of the Labor Force Survey (LFS) put the unemployment rate at 10% versus 17.7% in April 2020 and 5.4% in July 2019. According to World Bank’s Unemployment Rate 2020, the unemployment rate in Cambodia was only 0.31 percent, while Lao PDR 0.95 percent, Thailand … Unemployment rate reached 27.3% in Central Luzon. Data released by the Philippine Statistics Authority (PSA) in Northern Mindanao on June 8 showed that the unemployment rate rose to 11.1 percent in April of 2020, compared to the five percent rate in the same period last year. (READ: PH unemployment at all-time high with 7.3 million jobless … “Our original target for this year is 11 to 13 percent. “If the government will not do that, we’re looking at worse days ahead,” he warned. Its unemployment rate of 3.8 percent was the lowest of any region in July 2020 and was 26 points down from the highest regional rate of 29.8 percent for April 2020. This puts the March unemployment rate at 7.1%, the lowest since the 5.3% in January 2020, as well as the record-high 17.6% posted in April 2020. The country’s unemployment rate ballooned to 17.7 percent in April, the highest recorded since the 8.4-percent rate in 2005, as the lockdown to contain the coronavirus disease (Covid-19) forced the closure of thousands of businesses. “Unemployment rate rose to 17.7%, equivalent to 7.3 million unemployed Filipinos in the labor force in April 2020,” National Statistician Claire Dennis Mapa said Friday. This is equivalent to 4.571 million jobless Filipinos, lower than 7.254 million in April, but higher than 2.437 million in July last year. In April 2020, 1.2 million of the 4.5 million economically active population aged 15 years old and over were unemployed translating to an unemployment rate of 27.3 percent. This is an obvious effect of the economic shutdown when the entire Luzon area was in an enhanced community quarantine where most businesses were closed and many people were out of work and stayed at home. However, this underemployment rate is still higher than the October 2019 rate at 12.8 percent. “This is a record high in the unemployment rate reflecting the effects of economic shutdown to the Philippine labor market, due to COVID-19,” Mapa said. Preliminary results of the PSA’s October round of the Labor Force Survey (LFS) put the unemployment rate at 8.7%, equivalent to 3.813 million jobless Filipinos in October. The number of unemployed persons jumped by 1.56 thousand to 3.95 million, while the number of employed dropped by 1.3 thousand to 41.25 million. In the Philippines, unemployment rate in January 2021 remained the same as the October 2020 rate of 8.7 percent. The unemployment rate ticked up to 6.1% in April, ... Philippines' Richest. The unemployment rate in the Philippines surged to 8.7 percent in the March quarter of 2021 from 5.3 percent in the same quarter a year earlier, amid the downturn caused by the coronavirus crisis. This translates to a double-digit unemployment rate of 14.3 percent, or 10.3 percentage points higher than the 4.0 percent rate recorded in April 2019. We are saddened – albeit unsurprised — by the April 2020 unemployment rate released by the Philippine Statistics Authority which registered at 17.7%. THE country’s unemployment rate further eased in October from record levels in April, as the economy continued to gradually reopen, the Philippine Statistics Authority (PSA) reported on Thursday. September 3, 2020 The labor market is improving, but the government needs to continue its efforts in containing the spread of the COVID-19 pandemic and supporting affected workers and firms to revive the economy, the National Economic and Development Authority (NEDA) says. The labor force participation rate in January was better compared to the lows seen in April and October 2020. The Philippine Statistics Authority’s (PSA) Labor Force Survey (LFS) that was released on Friday showed that April’s figure was significantly […] In 2020, the unemployment rate in the Philippines was at approximately 2.16 percent and on a steady downward trend from 3.6 percent in 2014. On the April Labor Force Survey Secretary Silvestre H. Bello III 5 June 2020. The February round of the PSA’s Labor Force Survey (LFS) is the first of the monthly rounds to be conducted by the Statistics agency. With much of the American economy in self-imposed shutdown to prevent the spread of coronavirus, April's colossal surge in unemployment was a historic disaster for workers. "The unemployment rate for women was 6.8% in the EU and for men was 6.4% in April 2020," it said. The Philippines’ unemployment rate rose to 17.7% accounting to 7.3 million unemployed Filipinos in the labour force in April 2020, according to the Philippine Statistics Authority. The April 2020 unemployment rate is unprecedented in decades. The PSA also said labor force participation rate among Filipinos who are 15 years and older was estimated at 55.6 percent in April 2020, an all-time low in the history of the Philippine labor market. The unemployment rate in January 2020 was 5.3 percent while in April 2019, it … The unemployment rate in January was recorded at 5 percent, 17.7 percent in April, and 10 percent in July. The underemployment rate — the proportion of those already working but still looking for more work or longer working hours — improved to 16.2% in March from 18.2% in February. This is the highest jobless rate since 2005 and is more than double the 5.0 percent recorded in April 2019. MANILA -- (2ND UPDATE) The Philippines' unemployment rate jumped to a record 17.7 percent during the coronavirus lockdown, official data released Friday showed, as the government moved to resuscitate the economy and stop further job losses. 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