Unemployment easing? SWS survey says 1 in 3 Filipinos jobless

But just last Thursday , Social Weather Stations said that based on the results of its Dec. 12 to 16, 2021 survey, 24.7 percent or 11 million of the Philippines’ 44.5 million labor force were jobless.

The latest jobless figure measured by the SWS survey was similar to the 24.8 percent unemployment in September 2021, when the jobless rate was 25.7 percent which was lower than 37.4 percent in 2020 but way higher than 19.8 percent in 2019, the year COVID-19 struck.SWS said that unemployment reached a catastrophic level of 45.5 percent in July 2020. It eased to 39.5 percent in September 2020, 27.3 percent in November 2020, 25.8 percent in May 2021 and 24.8 percent in June 2021.

“This affirms how simply reopening the economy is not enough to fix the considerable economic scarring due to the protracted lockdowns,” Africa said. “The apparently sustained high level of unemployment despite reopening is extremely alarming for the corresponding household difficulties this implies as well for indicating that consumption spending and aggregate demand—the drivers of the economy—will remain repressed,” Africa said.Ibon Foundation, he said, expected real unemployment to remain high even if there are already millions of jobless Filipinos not counted by PSA estimates.

The incidence of hunger among families of those who don’t have work was 22.4 percent, 6.1 percent higher than the 16.3 percent in September 2021—11.8 percent moderate hunger and 4.5 percent severe hunger to 16.8 percent moderate hunger and 5.6 percent severe hunger.

The current gang in power can't handle the truth.

Duterte Press Release?

25% = 1 in 3 ! 🤦

Salamat PDu30! 🤡

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