In Duterte's 4th year, COVID-19 causes highest unemployment on record

After a downward trend for unemployment since 2005 and a 14-year-low rate in October 2019, the coronavirus pandemic caused unemployment to shoot to a record-high 17.7% in April 2020, more than triple the unemployment rate in April 2019. This means almost 1 in every 5 persons in the labor force are unemployed.

The coronavirus pandemic caused the highest unemployment rate in the country on record, leaving around 7.3 million Filipinos jobless. The April 2020 unemployment rate is unprecedented in decades. From 1976 to 1986, under the administration of Ferdinand Marcos, there were no double-digit unemployment rates recorded.

However, these figures were not comparable to the current rates since the PSA revised its unemployment metrics in April 2005. The new definition of unemployed people include those who are 15 years old and over and were without work, currently available for work, and were either looking for a job or not looking due the following reasons: tired/believed no work available, awaiting results of previous job application, temporary illness/disability, bad weather, and waiting for rehire/job recall.

He said the closest economic downturn before the pandemic was the 1998 recession or the Asian financial crisis. Even during the 2008 and 2009 global financial crisis, Punongbayan said the economy did not contract, reflecting the"resilience and robustness" of the Philippine economy. "Businesses such as retail stores and restaurants usually employ 'no work, no pay' schemes for their employees, and because there could be no way these employees could go to work, they were essentially out of the job," Montesa said in an email interview.

Sisihin ang pandemic? Sisihin ang ginawa at hindi ginawa to address pandemic.

Sala na sad ni duterte?!!

employed kasi mga DDS... justsayin

Naghihirap na ang sambayanan, nakangisi pa ang walang pusong panggulo.

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