DOLE: Unemployment in PH soars to 10.2% due to pandemic

Over 420,000 Filipinos lost their jobs in 2020 as COVID-19 affected the economy and forced businesses to close, the Department of Labor and Employment said.

This brought the country’s unemployment rate to 10.2 percent, based on the latest Labor Force Survey of the Philippine Statistics Authority, Labor Assistant Secretary Dominique Tutay said.

Tutay added there were also “4.5 million workers affected by flexible work [arrangements and temporary closures].”

The DOLE has been allocated 28.8 billion pesos to assist affected workers, with a total of 3.4 million OFWs and in the informal and formal sectors benefiting from the DOLE’s CAMP, TUPAD and AKAP programs.

Tutay said the country has initiated a 3-year national employment recovery plan that will focus on 4 key areas: restarting of economic activities, restoration of business confidence, upgrading of the workforce, and facilitation to labor market access of job seekers.

Source: https://news.abs-cbn.com/business/01/09/21/unemployment-in-ph-soars-to-102-due-to-pandemic-dole

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