Fewer Filipinos without jobs in Q4, but 2020 jobless rate at record high: SWS

ABS-CBN News

Posted at Feb 02 2021 11:05 AM | Updated as of Feb 02 2021 06:07 PM

Fewer Filipinos without jobs in Q4, but 2020 jobless rate at record high: SWS 1
Workers put finishing touches on concrete plant boxes along Mother Ignacia Ave., Quezon City on January 4, 2021. Jonathan Cellona, ABS-CBN News

MANILA - There were fewer Filipinos without jobs in the fourth quarter of 2020, according to a new survey released Monday by the Social Weather Stations. 

SWS estimates there were 12.7 million Filipinos without jobs in the fourth quarter which represented 27.3 percent of the adult labor force, based on its survey conducted from Nov. 21-25 last year. 

This was an improvement over the 23.7 million jobless Filipinos, which represented 39.5 percent of the adult labor force in a previous survey conducted in September. 

In contrast, joblessness was 17.5 percent in December 2019, the last measurement before the Covid-19 crisis began, SWS said. 

Fewer Filipinos without jobs in Q4, but 2020 jobless rate at record high: SWS 2

The survey organization said the resulting average joblessness rate for 2020 is a record-high 37.4 percent. 

“The previous record was a 28.8 percent average in 2012. The average in 2019 was 19.8 percent,” SWS said.

The state statistics bureau put the country’s unemployment rate in the fourth quarter at 8.7 percent, which is equivalent to 3.8 million unemployed Filipinos. 

The Philippine Statistics Authority said this was the lowest jobless rate since April last year, although it was still higher than the 4.6 percent in the same period a year ago. 

The PSA and SWS use different metrics for measuring unemployment. 

The SWS also noted there was a decline in the number of families experiencing involuntary hunger, or hunger due to lack of food to eat in the last three months.

Fewer Filipinos without jobs in Q4, but 2020 jobless rate at record high: SWS 3
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