SWS: Unemployment hits record high

At least 13.8 million adult Filipinos were unemployed in the first quarter of 2012, the latest Social Weather Stations survey showed.

This sets a record-high of a 34.4 percent unemployment rate.

SWS revealed that the unemployment rate as of March this year increased by 10 points from 24 percent, or about 9.7 million adult Filipinos, in December last year and even exceeded the previous record of 34.2 percent in February 2009.

Of the 34.4 percent unemployed, which included those who are 18 years old and above who are not working and are looking for work, 15 percent voluntarily left while 10 percent are laborers whose contracts were not renewed.

Moreover, six percent of the unemployed were comprised of Filipino adults who never worked before, two percent whose employers closed, and one percent who were laid off.

Jobless rate was relatively high among women and the youth, the survey revealed.

SWS showed that 43 percent of the female respondents were unemployed as compared to 27.6 percent male.
 
Also, 55.9 percent of respondents aged 18 to 24 said they are not working and are looking for work while only 45.4 percent of those aged 25 to 34, 21.7 percent of those aged 35 to 44 and 30.8 percent of those aged 45 and above said so.

Majority of the respondents expressed pessimism in their work status as 33 percent said they think there would be no change in job availability in the next 12 months, 25 percent said there would even be fewer jobs while 26 percent said there will be more jobs available.

Responding to results of the SWS survey, Presidential Communications and Operations Office Secretary Herminio Coloma told BusinessWorld, where the survey was first published, that the government will proceed with its labor programs.

"We continue to exert greater efforts to generate more employment opportunities," Coloma said.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Ayungin dilemma Ramon Casiple - Parallaxis
    Ayungin dilemma

    China faces a dilemma in Ayungin Shoal and other contested areas. If it waits for the ITLOS—which may decide against it—it would have tacitly bound itself to UNCLOS and risk a rogue state reputation if it asserts its claim in the South China Sea. If its militarily acts now, it may face international isolation. …

  • 48 nabbed in biggest anti-trafficking catch in Bongao VERA Files - The Inbox
    48 nabbed in biggest anti-trafficking catch in Bongao

    By Jake Soriano, VERA Files Bongao, Tawi-tawi—A team of Marines and policemen intercepted around noon Thursday 48 people, 12 of them minors, believed recruited by a human trafficking syndicate for work in Malaysia. The arrest constitutes what advocates called the … Continue reading → …

  • Docs vow to pay right taxes, make peace with BIR VERA Files - The Inbox
    Docs vow to pay right taxes, make peace with BIR

    By Kiersnerr Gerwin Tacadena, VERA Files Leaders of the medical profession have made peace with their former adversary, the Bureau of Internal Revenue (BIR), and joined forces in a campaign to get doctors to pay the right taxes. BIR Commissioner … Continue reading → …

POLL
Loading...
Poll Choice Options