This translated into 7.254 million jobless – up from the 2.267 million in April 2019. The April Labor Force Survey conducted by the Philippine Statistics Authority showed all regions registering double-digit unemployment, with the highest reported in the Bangsamoro Autonomous Region in Muslim Mindanao.
Officials led by Bangko Sentral ng Pilipinas Governor Benjamin Diokno have stressed that the unemployment and underemployment were state-induced to contain COVID-19. He stressed that the figures were “grossly exaggerated” and did not reflect the true state of the Philippine economy.
This story is from the June 09, 2020 edition of The Philippine Star.
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This story is from the June 09, 2020 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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