The lack of insurance coverage of unemployed Filipinos, who were working mainly in the informal sector, may have caused them to suffer more during the pandemic and increased poverty nationwide, according to a local economist. Know more:
THE lack of insurance coverage of unemployed Filipinos, who were working mainly in the informal sector, may have caused them to suffer more during the pandemic and increased poverty nationwide, according to a local economist.
Ducanes recommended that the government examine successful social insurance coverage in other countries in a bid to expand unemployment insurance for informal sector workers. Ducanes also said there were 12.5 million more workers in April 2020 who reported having a job but having worked zero hours in the reference week.
Thailand and Vietnam also saw their unemployment rates increase but only by less than 1 percentage point at 0.4 percentage points and 0.9 percentage points, respectively.
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