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This is the lowest rate the Philippines enjoys since 1996, before the country suffered from the Asian Financial Crisis. After unemployment rate peaked in 2000, [9] it has been on a steep decline by an average of 8.5% each year through to 2010. Out of this unemployed group of workers, 88% is roughly split between people who at least had a high ...
In 2012, the unemployment rate went down to 4.6 percent after it being 5.0 percent in 2010. This translated to 48 thousand new jobs and was well above the target of 45 to 50 thousand new jobs per year. The underemployment rate eased to 26.2 percent in 2012 from 28 percent in 2010, but is still much higher than the end-of-plan target of 20 percent.
The Department of Labor and Employment (DOLE) was founded on December 8, 1933, by virtue of Act No. 4121 of the Philippine Legislature. It was renamed as the Ministry of Labor and Employment in 1978. The agency was reverted to its original name after the People Power Revolution in 1986. [4]
Government-funded unemployment insurance payments have probably kept millions of people from living on the streets and starving during this recession. So naturally, jobless benefits are to blame ...
Not only did the unemployment rate hold at 9.5 percent, but last week the number of initial unemployment claims climbed to 479,000 -- that's 19,000 more than the week before. 131,000 jobs were ...
Last week the number of people filing for unemployment benefits was actually lower than it was the week before, which is a sign that layoffs could be slowing. In the week ending Feb. 27, initial ...
A Senate bill introduced by Senator Debbie Stabenow (D-MI) on August 4, 2010, will, if passed, benefit those who have exhausted all of their benefits by providing an additional 20 weeks of unemployment benefits under a Tier 5. The bill has an unemployment rate threshold of 7.5% which requires states to have an unemployment rate at 7.5% or ...
While the National Bureau of Economic Research announced Monday the recession ended in June 2009, the Organization for Economic Cooperation and Development says unemployment in the U.S. may stay ...