Sat. Jul 24th, 2021

A recent survey by the Social Weather Stations (SWS) showed that the number of jobless Filipinos as of last May slightly decreased to 12.2 million compared to November 2020 figures.

(photo courtesy: http://www.cnn.ph)

The May 2020 figure, however, is still higher than figures before the coronavirus disease 2019 (Covid-19) pandemic.

The SWS said the adult joblessness rate based on its April 28 to May 2 surveys was at 25.8 percent of the labor force, which is lower compared to the figures of 27.3 percent or 12.7 million in November 2020.

However, this is 8.3 percentage points higher than the joblessness rate before the pandemic. In December 2019, the joblessness rate was at 17.5 percent.

“The national Social Weather Survey of April 28–May 2, 2021, found adult joblessness at 25.8 percent of the adult labor force.  This is 1.5 points down from the 27.3 percent in November 2020 but still 8.3 points higher than the pre-pandemic level of 17.5 percent in December 2019,” SWS said.

If there is any consolation, the record-high figure was 45.5 percent logged in  July 2020.

“Joblessness reached a record-high 45.5 percent in July 2020. It eased to 39.5 percent in September 2020, 27.3 percent in November 2020, and 25.8 percent in May 2021,” the polling firm noted.

SWS said that the lower joblessness rate was from decreases logged in Metro Manila and Luzon, but that was offset by higher unemployment rates in the Visayas and Mindanao.

“Joblessness fell in Balance Luzon from 32.7 percent in November 2020 to 24.2 percent in May 2021. It fell in Metro Manila from 37.8 percent in November 2020 to 30.8 percent in May 2021,” SWS said.The latest SWS survey covered 1,200 adults. SOVEREIGNPH

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