Jobless rate climbs to 7.7% in January

MANILA, Philippines – The National Statistic Office (NSO) reported yesterday that there are now 2.855 million jobless Filipinos in January as the local unemployment rate increased to 7.7 percent owing to the global economic crisis.

Results of the latest NSO survey showed that the number of unemployed Filipinos rose from an estimated 2.675 million in January last year to 2.8 million this year.

The NSO did not explain the rise but a series of high profile factory closures may have contributed to the increase.

The Department of Labor and Employment (DOLE), however, said the increase of 180,000 unemployed workers is still considered a “pleasant” development for the country.

“We are really expecting an increase in unemployment because of the global economic crisis, yet the survey indicated that the unemployment level did not worsen dramatically,” Labor assistant secretary Reydeluz Conferido said.

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