A nationwide survey of Social Weather Stations discovered that 19% of the grownup labor pressure or an estimated 8.7 million Filipinos are unemployed.
While the determine is decrease than the 21.3% or 9.6 million Filipinos reported with out jobs in December 2022, it’s nonetheless greater in comparison with the 17.5% in December 2019 earlier than the COVID-19 pandemic.
The survey was carried out from March 26 to 29, 2023 utilizing face-to-face interviews of 1,200 adults nationwide: 300 every in Metro Manila, Balance Luzon, Visayas, and Mindanao.
The sampling error margins are ±2.8% for nationwide percentages, ±5.7% every for Metro Manila, Balance Luzon, Visayas, and Mindanao.
The survey was non-commissioned.
According to SWS, the decline in joblessness was because of the lower in unemployment in all areas of the nation besides in Mindanao.
“As of March 2023, adult joblessness was highest in Balance Luzon at 21.7%, followed by Mindanao at 19.0%, Metro Manila at 17.5%, and the Visayas at 13.5%,” it stated.
“Compared to December 2022, the quarterly joblessness fell from 24.8% in Metro Manila, 23.1% in Balance Luzon, and 18.6% in the Visayas. However, it hardly moved from 18.1% in Mindanao,” it added.
Those jobless are those that voluntarily left their outdated jobs, are looking for jobs for the primary time, and misplaced their jobs as a consequence of financial circumstances past their management.
Joblessness peaked at 45.5% in July 2020 throughout the peak of the COVID-19 pandemic. It went on a usually downward development from September 2020 to December 2022, reaching as little as 18.6% in October 2022.
In the identical survey, SWS additionally stated the nation’s Labor Force Participation Rate is at 62.4%, or round 45.9 million — barely greater than the 62.6%, or an estimated 45.2 million, reported in December 2022.
SWS defines the labor pressure as adults (18 years and above) presently with a job plus these searching for a job. The Labor Force Participation Rate is the proportion of adults within the labor pressure.—LDF, GMA Integrated News
Source: www.gmanetwork.com
