After hitting a record high 14 million jobless rate in February in the philippines, the unemployment figures plumeted 4 months later to 10 million. This was the headline i read today in the newspaper Philippine Fiesta (sorry no link as that newspaper doesnt put its paper online) Isnt that interesting that in the US, we are saying we are in a recovery because we are only losing 550k jobs per month instead of 570k(or whatever number they expected). Now lets compare. U.S. is losing 500k+ jobs per month. Philippines is GAINING 1 MILLION jobs per month.(i guess I better include the margin of error in there which is estimated at +/- 2.5% to 6% based on the different areas of the philippines in which the SWS surveys took place) Unemployment in philipines is still twice as high as the US (if you use the US "official" numbers, but only slightly higher if you use shadowstats) Anyway, I thought this was interesting because alot of times we dont hear things about the rest of the world unless its bad news or it affects us in some way.