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Page 192 - பிலிப்பைன் புள்ளிவிவரங்கள் அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Factory output slumps for 11th month in a row

th month in a row March 10, 2021 | 12:33 am Font Size PHILSTAR THE COUNTRY’S FACTORY output extended its losing streak to 11 months in January, amid soft global demand and supply disruptions caused by the pandemic, the Philippine Statistics Authority (PSA) reported on Tuesday. Preliminary results of the PSA’s latest Monthly Integrated Survey of Selected Industries (MISSI) showed factory output, as measured by the volume of production index (VoPI) fell by 16.7% year on year in January, faster than the 12% drop in December 2020 and a reversal of the 1.9% growth a year earlier. Manufacturing has been on a decline since March last year when strict lockdown restrictions were implemented to contain the spread of the coronavirus disease 2019 (COVID-19).

4 million Filipinos still jobless in Jan

Researcher AROUND four million Filipinos remain jobless in January, as more reentered the labor force with the further easing of quarantine restrictions around the country, government labor data released on Tuesday showed. Preliminary results of Philippine Statistics Authority’s (PSA) January 2021 round of the Labor Force Survey (LFS) showed around 3.953 million unemployed Filipinos, up from 3.813 million in October 2020 and 2.391 million in January 2020. This put the unemployment rate at 8.7% in January, unchanged from October 2020 but higher than 5.3% in January 2020. The January 2021 reading was the highest among January LFS rounds since the government adopted new definitions for the survey in 2005. The quality of jobs also weakened as the underemployment rate the proportion of those already working, but still looking for more work or longer working hours worsened to 16% from 14.4% in October and 14.8% in January 2020. This translates to 6.589 million underemployed Filip

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