Adult unemployment rate slightly eases, but remains very high — SWS - News Summed Up

Adult unemployment rate slightly eases, but remains very high — SWS


MANILA, Philippines — The country’s adult unemployment rate has slightly eased down from record-high 45.5 percent recorded in July 2020, but still remains very high according to a latest Social Weather Stations (SWS) survey. While this is lower than the previous numbers that correspond to 27.3 million adults, it remains in the very high range. The proportion of those who lost their job/livelihood during the Covid-19 pandemic declined from 21% in July 2020 to 14% in September 2020,” it added. Still, both numbers are far from SWS survey estimates of 9.243 million jobs affected by the pandemic. ADVERTISEMENTDespite these, unemployment numbers surged by five points in Visayas, from the previous record of 46.6 percent to a new record high of 52.0 percent.


Source: Philippine Daily Inquirer October 05, 2020 14:03 UTC



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