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8.9M Filipinos remain jobless in Q3 of 2017

By: Inquirer.net December 14,2017 - 09:56 PM

 

About 8.9 million Filipino adults remained jobless in the third quarter of 2017, according to a recent survey conducted by the Social Weather Stations (SWS).

The survey, conducted from September 23 to 27, showed that 18.9 percent of Filipino adults remained jobless, lower by 3.3 percent than the 22.2 percent joblessness rate or 10.5 million jobless adults recorded last June 2017.

The adult joblessness data refers to the legal age of people in the labor force. Adults with a job at present, and those without a job at present and looking for a job, are part of the labor force, according to SWS.

Based on the survey, 10.4 percent or 4.8 million adults resigned from their jobs, 6.6 percent or 3.1 million adults lost their jobs and 1.9 percent or 860,000 adults were first-time job seekers.

The SWS recorded the adult labor force participation rate at 73.1 percent or about 46.1 million adults. This shows a 1.6 percent decrease from 74.7 percent last June.

Meanwhile, joblessness among women fell by 4.9 percent from 31.5 percent in June to 26.5 percent in September, while joblessness among men declined by 1.8 percent from 15.2 percent in June to 13.5 percent in September.

Optimism on job prospects in the next 12 months remained “very high” at 46 percent, but pessimism remained “fair” at 18%. This brings the net optimism on job prospects down by three percent, from 31 percent (very high) in June to 28 percent (high) in September.

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TAGS: 2017, Filipinos, jobless, million, remain

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