Quote:...However, analysts said the data is not seasonally adjusted and they believe the actual rate could be understated...
The data is as of January 09, and a whole quarter is just about to pass. Some companies intentionally held some of their employees until around Feb to finish whatever work was left the previous year, or to give time for the companies to adjust for less workers. (Or workers could have been fired after Jan 09 if financial statements with negative feedback came in latter Dec 08.)
As such, I agree with the data being understated. Being not seasonally adjusted, the data encompasses a less possible range of values; it assumes an actual rate closer to its expected one (which relies on data prior to Jan 09).
hisuka Wrote:makababangon pa kaya tayo?
Yup. We have skills, relatively cheap labor and smaller price of living, and a horde of people looking for jobs. Once companies have settled down and try to recover their losses, they'll look into outsourcing the work to a place that'll guarantee them quality work for a smaller price tag. Philippines is one of those places. But IMHO, no one's gonna get back on track any time soon. And, there're rumors/news/forecasts that says that Asia hasn't been fully hit by the financial crisis.
"Numbers are not part of the real world; they're part of something else."
-Prof. Rolly Panopio, UPLB Math Division
-Prof. Rolly Panopio, UPLB Math Division
