Philippines retains highest unemployment rate in ASEAN

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Unemployement ASEANThe Philippines has the highest unemployment rate among members of the Association of Southeast Asian Nations (ASEAN), according to a recently published report of the International Labor Organization (ILO). The country registered an unemployment rate of 7.3 per cent as of 2013, according to the Global Employment Trends report.

Ranking just above Philippines is Indonesia with 6 per cent, the study found. Brunei has 3.7 per cent, Burma, 3.5 per cent, Malaysia 3.2 per cent and Singapore 3.1 per cent. The countries with the lowest unemployment rates are Vietnam with 1.9 per cent, Laos with 1.4 per cent, Thailand with 0.8 per cent and Cambodia with 0.3 per cent.

“Almost 202 million people were unemployed in 2013 around the world, an increase of almost 5 million compared with the year before,” the ILO said in the executive summary of its report published January 2014.

“This reflects the fact that employment is not expanding sufficiently fast to keep up with the growing labor force,” it said.

On the globally unemployment rate ranking, Philippines is just below Brazil (6.6 per cent), Canada (7.1 per cent), and Argentina (7.3 per cent).

The Philippines is doing better compared to Great Britain and US which both have an unemployment rate of 7.5 per cent. Among the countries with the highest unemployment rates are Egypt (12.7 per cent), Greece (27.6 per cent), and Spain (27.6 per cent).

The countries with the lowest unemployment rates are Cambodia, Qatar (0.6 per cent), Thailand and Rwanda (0.6 per cent).

Philippine unemployment rate since 2005 has remained around the 7-8 per cent range.

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Reading Time: 1 minute

The Philippines has the highest unemployment rate among members of the Association of Southeast Asian Nations (ASEAN), according to a recently published report of the International Labor Organization (ILO). The country registered an unemployment rate of 7.3 per cent as of 2013, according to the Global Employment Trends report.

Reading Time: 1 minute

Unemployement ASEANThe Philippines has the highest unemployment rate among members of the Association of Southeast Asian Nations (ASEAN), according to a recently published report of the International Labor Organization (ILO). The country registered an unemployment rate of 7.3 per cent as of 2013, according to the Global Employment Trends report.

Ranking just above Philippines is Indonesia with 6 per cent, the study found. Brunei has 3.7 per cent, Burma, 3.5 per cent, Malaysia 3.2 per cent and Singapore 3.1 per cent. The countries with the lowest unemployment rates are Vietnam with 1.9 per cent, Laos with 1.4 per cent, Thailand with 0.8 per cent and Cambodia with 0.3 per cent.

“Almost 202 million people were unemployed in 2013 around the world, an increase of almost 5 million compared with the year before,” the ILO said in the executive summary of its report published January 2014.

“This reflects the fact that employment is not expanding sufficiently fast to keep up with the growing labor force,” it said.

On the globally unemployment rate ranking, Philippines is just below Brazil (6.6 per cent), Canada (7.1 per cent), and Argentina (7.3 per cent).

The Philippines is doing better compared to Great Britain and US which both have an unemployment rate of 7.5 per cent. Among the countries with the highest unemployment rates are Egypt (12.7 per cent), Greece (27.6 per cent), and Spain (27.6 per cent).

The countries with the lowest unemployment rates are Cambodia, Qatar (0.6 per cent), Thailand and Rwanda (0.6 per cent).

Philippine unemployment rate since 2005 has remained around the 7-8 per cent range.

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