Jobless Filipinos down by 4%, urban joblessness lowest in 15 years

HSBC Philippines
Jobless Filipinos
Jobless adults have gone down to about 7.9 million in December 2019 from 10 million in September 2019. Photo from PNA.

Joblessness among adult Filipinos across the country dropped down by 4 points to 17.5% or about 7.9 million adults in the survey results released by Social Weather Stations (SWS) in February 2020.

The SWS Adult Joblessness Survey conducted in the Fourth Quarter of 2019 with results released February 4 indicate that the total number of jobless adults went down from 10 million or 21.5% in September 2019.

The 4-point reduction in the national joblessness rate was largely attributed to a 10-point decrease in Metro Manila and 8 points in Balance Luzon (outside Metro Manila). The Visayas joblessness rate increased by 4 points while Mindanao increased by 1 point.

The urban joblessness was noted to be lowest in 15 years registering at 15.3% compared to September 2019’s 23.4%.

SWS remarks that the 8-point drop in urban joblessness brings it to its lowest in 15 years. The last time it was lower than 15.3% was in March 2004 when it was at 14.0%.

The SWS survey defines adults who are jobless are those who:

  • voluntarily left their old jobs
  • are seeking jobs for the first time
  • who lost their jobs due to economic circumstances beyond their control (retrenched)

The SWS Adult Joblessness survey notes that Job Optimism has stayed “Excellent” at +40 with 53% of adults optimistic (“more jobs”) and 12% pessimistic (“fewer jobs”) about job availability in the next 12 months.

Jobs in the Philippines have been made available for Senior Citizens and PWDs in Manila, while thousands of jobs were made available in Manila and Cebu by United States tech giant Amazon, and Sitel opened more BPO jobs in Central Luzon.

SEND CHEERS in the comments below to Filipino jobseekers as more jobs are made available this 2020!

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Aurora Quadra-Balibay
Angie is a self-confessed reformed news critic who vows she has finally found infinite value in delivering the good news. She teaches students of all ages how to make the important interesting for audiences across media platforms.