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The provisions on unemployment benefits were dropped when the legislation was amended in 1957 to prioritize retirement, sickness, disability and death benefits. Under the 2018 legislation, the benefits are dispensed through a one-time payment to equal to 50 percent of the claimant's monthly salary for a maximum of two months.
On March 20, 2020, the government announced a stimulus package to provide income support to small businesses, suspension of various taxes, and unemployment benefits to eligible citizens, which took about a month to fully roll out, which were a rapid loan of US$22.4 million from the IMF, in a package aimed at the Eastern Caribbean countries of ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund .
Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 215,000 for the week ended May 18. Economists polled by Reuters had forecast 220,000 claims in the latest week.
The onset of the COVID-19 pandemic brought mass layoffs that are continuing today. Many Americans are finding themselves unemployed for the first time, and there is misinformation and confusion ...
August 10 – Six thousand nine hundred fifty-eight nine new cases were confirmed, bringing the COVID-19 cases in the country to 136,638. Twenty-four new deaths and six hundred thirty-three new recoveries were recorded, bringing the death toll to 2,293 and recovered patients to 68,159.
The COVID-19 recession, also known as the Great Lockdown, was a global economic recession caused by the COVID-19 pandemic. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 ...
The maximum unemployment benefit is (as of March 2009) 57.4% of EUR 162 per day (Social security contributions ceiling in 2011), or 6900 euros per month. [27] Claimants receive 57,4% of their average daily salary of the last 12 months preceding unemployment with the average amount being 1,111 euros per month. [28]