Connect with us

Philippine News

SWS: unemployment rate increases

Published

on

Wikipedia Photo

Wikipedia Photo

MANILA — The latest survey of the Social Weather Stations (SWS) indicated an increase in the number of unemployed Filipinos by about 30,000 in the 2nd quarter.

Unemployment rate among Filipinos at least 18 years old was raised from 25.7 percent or 11.5 million individuals in March, 2014, to 25.9 percent or 11.8 million people in June, 2014.

The survey which was conducted from June 27-30 with 1,200 respondents was first published in Business World last Monday.

During the face to face interviews with the respondents, the survey found out that most of the unemployed are adults who quit their jobs (11.4% to 13.2%), those who retrenched (10.7% to 8.8%), and the first time job-seekers (3.3% to 3.6%).

The 8.8 percent retrenched group is composed of 6.3 percent who had their contracts not renewed, 1 percent who had employers who stopped operations, and 1.5 who percent had been laid off.

“Adult joblessness has traditionally been dominated by those who voluntarily left their old jobs and who lost their jobs due to economic circumstances beyond their control,” SWS said.

Though the highest recorded rate was in 2009 at 34.4 percent, the survey noted since May 2005, unemployment rate is already above 20 percent.

But this is with the exception of several months when the rate went down to 19.9 percent last March 2006.

 

 

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle9 hours ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle1 month ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle2 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver3 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver3 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver3 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver4 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...

Maria in Vancouver5 months ago

My Love Affair With Pearls

On March 18, 2023, my article, The Power of Pearls was published. In that article, I wrote about the history...

Maria in Vancouver5 months ago

7 Creative Ways to Propose!

Sometime in April 2022, my significant other gave me a heads up: he will be proposing to me on May...

Maria in Vancouver6 months ago

Why Eating Healthy Matters

We are what we eat, so don’t be fast, cheap, easy, or fake — we should take these words to...