Sign up | Log in



Home  >>   Daily News  >>   Philippines News  >>   Labour  >>   Philippines growing economy fails to halt joblessness
NEWS UPDATES Asean Affairs   20 December 2012 

Philippines growing economy fails to halt joblessness


Despite the surprising economic growth in this year’s third quarter, joblessness in the Philippines slightly worsened in October compared to the same month last year.

The National Statistics Office (NSO) said yesterday the unemployment rate stood at 6.8 per cent, or about 2.8 million unemployed people, which is higher than the 6.4 per cent unemployment rate recorded in October 2011.

Metro Manila registered the highest unemployment rate at 11 per cent, while Cagayan Valley recorded the lowest at 2.4 per cent.

Almost half (48.5 per cent) of the unemployed were in the 15 to 24 age bracket, while more men (62.1 per cent) had no jobs than females (37.9 per cent), the NSO reported.

In a statement, Arsenio Balisacan, director general of the National Economic and Development Authority (Neda), said that despite the growth in the nation’s gross domestic product (GDP), which reached 7.1 per cent in the third quarter, unemployment is still the government’s “greatest challenge”.

“Achieving rapid economic growth is one thing, but inclusive growth is clearly another. Given the latest labour and employment figures, generating employment and ensuring that these are of good quality remain our greatest challenge,” Balisacan said.

Rene E. Ofreneo of the School of labour and Industrial Relations said the higher unemployment rate is an indication that the positive GDP the country experienced is not “job-creating”.

“Growth in the stock market and a few sectors like BPO (business process outsourcing) doesn’t touch everybody. It’s time for the Aquino administration to seriously address the joblessness,” he said.

According to the NSO, which released the results of the labour Force Survey quarterly, the employment rate, or the proportion of employed people to the total labour force, was at 93.2 per cent.

Out of the estimated 37.7 million employed people in October, workers belonging to the service sector comprised the largest proportion with 52.6 per cent of the total employed.

Of the service sector employees, those engaged in wholesale and retail trade; repair of motor vehicles and motorcycles accounted for the highest percentage (18.7 per cent of the total employed).

On the other hand, the number of underemployed, or employed people who still want additional hours of work, was estimated at 7.2 million—translating to an underemployment rate of 19 per cent.

It was just a little lower than the underemployment rate of 19.1 per cent recorded last year.

The NSO said less than a half (44.3 per cent) of the underemployed were working in the agriculture sector and around two-fifth (40.5 per cent) were working in the service sector. The underemployed in the industry sector accounted for 15.2 per cent.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    20 December 2012  
Subsribe Now !
• Asean-India FTA: Negotiations on services, investment in final stages   Subcribe: Asean Affairs Global Magazine
• Malaysia lifts ban on religious travel to Israel Asean Affairs Premium
• Indonesia and Malaysia aim for $30b in trade by 2015
• Myanmar proposes reducing area of Dawei project
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Philippines growing economy fails to halt joblessness
• US to train Myanmar troops  
• Myanmar quake stirs 'End of Days' fear  
• ADB announces $525m three-year 'pipeline' for Cambodia  
• Former Thai PM Abhisit could face 700 attempted murder charges  
• Thailand, Myanmar seek Japan for Dawei project  
• Philippine Congress passes population bill  
• Demand for Philippines office space breaks record  
• World Bank sees continued 'healthy' growth in Cambodia
Asean Analysis              17 December 2012      Advertise Your Brand
• Asean Analysis- December 17, 2012  
• Asean Weekly-  December 7, 2012 Sponsor Our Events

Asean Stock Watch      19 December 2012   

• Asean Stock Watch- Demcember 19, 2012 

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand