Unemployment Rates in the Philippines, sourced from IMF
Calculated as a Percent of total labor force.
But what happened in 2005-06 ?
Newspaper Reports on the Unemployed in the Philippines:
November 16, 2012
The number of jobless Filipinos slightly increased from 26.6 percent in May to 29.4 percent in August 2012, according to an SWS survey of 1,200 people.
Women rose from 36.4 percent to 42.5 percent
Men rose from 19.3 percent from 18.9 percent.
16 June 2012
THE Philippines’ unemployment rate dropped slightly to 6.9 percent for April, the National Statistics Office’s latest Labor Force Survey revealed on Friday.
The latest figure is lower than the 7.2 percent recorded during the same period in 2011.
To work out what the difference between the two newspaper reports of Unemployed Rates was, I took these statements from the report stating 29.4% Unemployed
- 353 = 29.4% Jobless Filipinos
- 42 = 12.0% of the unemployed were those who resigned and
- 46 = 13.0% were those who lost their jobs.
- 18 = 5.0% were first-time job seekers.
- Total of the above = 106, or 8.8% of those interviewed.
- 247 were unemployed but had NOT lost or left their jobs, and were NOT first time job seekers.
My conclusion, based on those statements, results in THREE groups, with one figure showing 20.6% unemployed (247 people), but appearing not to have worked before, and not actually intending to work, which, when added to the figure of 8.8% (106 people) looking for work etc., results in the 29.4% quoted as unemployed.
- 1,200 Interviewed
- 106 = 8.8% Looking for work for the first time, or had resigned and now not working, or had lost their jobs.
- 247 = 20.6% Other reasons for not working, or having worked.
- 847 = 70.6% Presumably working.
58.1 - 763,574