rePost::10M Filpinos unemployed—survey – INQUIRER.net, Philippine News for Filipinos

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10M Filpinos unemployed—survey
Philippine Daily Inquirer
First Posted 20:14:00 09/08/2009
Filed Under: Economic Indicators, Employment
MANILA, Philippines – An estimated 10 million adult Filipinos who are looking for work (25.9 percent) are unemployed, according to the latest survey by the Social Weather Stations.
The current rate is lower than the record-high 34.2 percent (14 million) posted in February this year, SWS noted in its Second Quarter 2009 Social Weather Survey, which was released Tuesday.
The survey also found that the unemployment rate consisted of 10 percent who were retrenched, 9 percent who resigned or voluntarily left their old jobs, and 6 percent first-time job seekers.
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