Domestic unemployment rate recorded at 7.2% in April.

By bne IntelliNews June 23, 2011
Philippines' domestic unemployment rate was recorded at 7.2% in April this year, as compared to 8.0% recorded in April last year. As reported by IHS Global Insight Daily Analysis, the comparatively increased unemployment figures were mainly due to a constant weakness in pockets of the economy. The service sector was continuously responsible for the bulk of employment at 51.7% of the total, whereas the share of the citizens employed in agriculture and industry was recorded at 33.0% and 15.3% respectively. About 1.76mn fresh jobs have been created by the end of April, due to the recovery of economic growth.

Domestic unemployment rate recorded at 7.2% in April.

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss