What is the current unemployment rate 2009?

U.S. Unemployment Rates by Year

Year	Unemployment Rate (as of Dec.)	GDP Growth
2009	9.9%	-2.5%
2010	9.3%	2.6%
2011	8.5%	1.6%
2012	7.9%	2.2%

What was the unemployment rate between 2009 and 2010?

During the recession, the unemployment rates for prime-working-age (25 to 54 years old) and older (55 years and over) people more than doubled, peaking at 9.0 percent in October 2009 and 7.4 percent in August 2010, respectively.

What is the present unemployment rate of the Philippines?

approximately 2.24 percent
In 2019, the unemployment rate in the Philippines was at approximately 2.24 percent and on a steady downward trend from 3.6 percent in 2014….Philippines: Unemployment rate from 1999 to 2020.

Characteristic	Unemployment rate
2020	3.36%
2019	2.24%
2018	2.34%
2017	2.55%

Why did 2009 have the highest unemployment rate?

In 2009, strong growth in productivity allowed firms to lay off large numbers of workers while holding output relatively steady. Over the course of the year, unemployment rose rapidly, while GDP remained relatively flat, or near zero growth.

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 is the unemployment rate in the Philippines 2021?

7.7 percent
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 the Philippines?

In the long-term, the Philippines Unemployment Rate is projected to trend around 6.50 percent in 2021 and 5.50 percent in 2022, according to our econometric models. 3Y.

When does the Philippine labor force survey start?

Read more about 2020 Annual Preliminary Estimates of Labor Force Survey (LFS). The Philippine Statistics Authority (PSA) announces the conduct of the Press Conference on the January 2021 Labor Force Survey (Preliminary)…

What was the population of the Philippines in 2020?

In 2020, the number of persons who were in the labor force was estimated at 43.9 million. This number represents the economically active… Read more about 2020 Annual Preliminary Estimates of Labor Force Survey (LFS).

When did the government change the unemployment definition?

Starting April 2005, the new unemployment definition was adopted per NSCB Resolution no. 15 dated October 20, 2004.