Adult joblessness in the Philippines has dropped to 17.5 percent in December 2019, according to a Social Weather Stations (SWS) survey.
The Fourth Quarter 2019 Social Weather Survey was done from December 13-16, 2019. Based on the SWS report, this is four points lower compared to the 21.5 percent in September 2019.
“The estimated numbers of jobless adults were 7.9 million in December and 10 million in September,” according to the report.
“The estimated 7.9 million jobless adults in December 2019 consisted of 3.7 million who voluntarily left their old job, 1.6 million first-time job seekers, 1.7 million whose contract ended and was not renewed, 613,000 who got laid off, and 399,000 whose employer closed operations,” the report further reads.
The report also showed that joblessness in Metro Manila dropped to 15% in December 2019 from 24.5 percent in September 2019. However, joblessness in Visayas and Mindanao rose to 15.7 percent and 20.7 percent , respectively, in December.
SWS defines the labor force as adults ages 18 years and above who are presently working plus those looking for a job. Meanwhile, Adults who are jobless consists of those who (a) voluntarily left their old jobs, (b) are seeking jobs for the first time, or (c) lost their jobs due to economic circumstances beyond their control, termed by SWS as the retrenched.—AAC