Tag Archives: Percentage

[In the news] Election 2013: The revenge of the excluded -INQUIRER.net

Election 2013: The revenge of the excluded
By Amando Doronila, Philippine Daily Inquirer
May 13, 2013

inquirerThirty-seven million Filipinos go to the polls today in a midterm election which President Aquino considers a referendum on his three years in office.

More than 50 percent of the registered voters are under 44 years of age. According to the voters’ profile based on a Social Weather Stations (SWS) survey, of the 45.5 million registered voters, those 18 to 24 years of age numbered 4.91 million (10.8 percent); 25 to 34 years old, 11.92 million (26.2 percent); 35 to 45 years old, 9.37 million (20.6 percent).

Whether this new generation of young voters will respond to the President’s call to give his administration’s Team PNoy senatorial lineup a 12-0 sweep of the Senate is far from certain.
In an election eve radio message to the nation, the President, through a Palace spokesperson, appeared almost pleading.

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[In the news] Unemployment affected almost 10 million Filipinos – SWS survey -InterAksyon.com

Unemployment affected almost 10 million Filipinos – SWS survey
by Abigail Kwok, InterAksyon.com
February 23, 2012

MANILA, Philippines – Unemployment has affected almost 10 million Filipinos, a recent Social Weather Stations (SWS) survey shows.

The survey, conducted December 3 to 7, 2011, found adult unemployment rate rising to 24 percent from 20.2 percent in previous surveys. This percentage is equivalent to 9.7 million Filipinos.

The survey results, published in Business World, revealed that among unemployed adults, 10 percent were retrenched, 9 percent quit, and 5 percent were first-time jobseekers. About 7 percent of those retrenched did not have their contracts renewed while 2 percent said their employers closed shop, while 1 percent were fired.

Read full article @ www.interaksyon.com

[In the news] World’s youth fear jobless future -INQUIRER.net

World’s youth fear jobless future
Agence France-Presse
February 7, 2012

UNITED NATIONS—The world’s young increasingly fear a future without jobs, according to a UN report released Monday which highlighted how the 15-30 age group risks becoming the biggest victims of austerity programs.

The young doubt the education they receive will fully arm them for professional life, said the World Youth Report which questioned about 1,000 people for its study.

Young people questioned the quality of education they and their peers receive, whether or not it is relevant to available jobs, how their knowledge and skills will serve them in the long-term,” said the survey.

“During economic downturns, young people are often the ‘last in’ and the ‘first out’” out of jobs, the report added.

The 2008-2009 financial and economic crises forced the youth unemployment rate up to 11.9 in 2007 to 13 percent in 2009. It eased back to 12.6 percent in 2010 — when the adult jobless rate was just 4.8 percent.

The Middle East is worst hit with 25.5 percent unemployment among young men and 39.4 percent for young women in 2010, followed by North Africa with a 23.8 percent rate for men and 34.1 percent for women.

The report said high unemployment was one of the key causes of the Arab Spring uprisings.

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[In the news] PHL economy slows down, posts 3.4% GDP growth in Q2 – GMAnews.tv

The Philippine economic output in the second quarter of the year decelerated to a low 3.4 percent growth as the country braced for the impacts of various uncertainties in the global market, the National Statistical Coordination Board (NSCB) reported Wednesday.

The figure is 1.5 percentage points lower than the gross domestic product (GDP) rate recorded in the previous quarter and significantly lower than the 7.9 percent rate recorded in the same period in 2010.

Moreover, the second-quarter figure is well below the 4.5 percent to 5.5 percent forecast rate of the National Economic Development Authority (NEDA).

GDP is the amount of goods and services produced by a country in a given period.

In a statement, Socioeconomic Planning Secretary Cayetano Paderanga said the slow growth in the quarter was expected due to the “tapering off of the base effect and the absence this year of growth drivers in the second quarter of 2010.”

These growth drivers include electron-related spending as well as the “stronger than expected” recovery from the global financial crisis, he specified.

Despite the slow overall output, the NSCB said the economy benefited from headline growth in the agriculture and services sector, which grew by 7.1 percent and 5.0 percent, respectively, during the quarter.

“On the demand side, the growth came mainly from consumer spending as fixed capital formation particularly Construction has not really felt the promise of the Public and Private Partnership program, while external trade has been lackluster at best,” said Romulo Virola, NSCB secretary-general, in a statement.

Read full article @ www.gmanews.tv