More Filipinos jobless as crisis’ effects deepen

MANILA, Philippines – Unemployment climbed to 7.7 percent in January, the highest since April’s 8.0 percent, and more Filipinos are expected to swell the ranks of the jobless due to the global economic crisis.

Equivalent to 2.855 million affected workers, the rise reversed a downtrend that started with July’s 7.4 percent and 6.8 percent in October.

Analysts said the data was not seasonally adjusted and they believe the actual rate could be understated.

read more..

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>