What was the unemployment rate in 2000?

08/27/2020 Off By admin

What was the unemployment rate in 2000?

4.0 percent
The unemployment rate was 4.0 percent in the fourth quarter of 2000, the lowest rate since 1969, and the proportion of the population that was employed remained at record-high levels.

What is the current unemployment rate in the Philippines 2020?

6.9 percent
MANILA – The Philippines recorded its lowest unemployment rate since April 2020 at 6.9 percent in July this year. The Philippine Statistics Authority (PSA) reported Tuesday that July 2021’s unemployment rate declined from 7.7 percent in June 2021.

What is the unemployment rate in Philippines?

6.90 percent

Philippines Last Unit
Unemployment Rate 6.90 percent
Employed Persons 41667.06 Thousand
Unemployed Persons 3073.23 Thousand
Labor Force Participation Rate 59.81 percent

What is the predicted unemployment rate for 2021?

According to the economic projections of the Federal Reserve, the unemployment rate in the US will average at 4.5% by the end of 2021 and pursue its fall in 2022 and 2023, reaching 3.8% and 3.5% levels correspondingly.

How many are wealthy in the Philippines 2020?

14 thousand millionaires
In 2020, the Philippines had nearly 14 thousand millionaires. It was projected that in 2025, the number of high net worth individuals in the country will reach approximately 19 thousand.

Why is unemployment a serious problem in the Philippines?

Unemployment and underemployment are the Philippines’ most important problems and the key indicators of the weaknesses of the economy. The social costs of this mass unemployment range from income losses to severe social and psychological problems resulting from not having a job and feeling insecure about the future.

What country has the worst unemployment?

Burkina Faso
In 2017, Burkina Faso had the highest unemployment rate in the world, at 77 percent. This means that for every 100 members of the workforce, 77 did not have jobs at the time of the survey.

What is considered poor in the Philippines?

Based on the results of the Family Income and Expenditure Survey (FIES), the PSA said the poverty threshold per family amounted to P10,481 a month. An income below this amount would categorize a family as being poor and an income above this would mean a family is nonpoor.