(MENAFN- Gulf Times) Joblessness among adult Filipinos rose by 1.2mn in the third quarter of 2018, a survey held by Social Weather Stations (SWS) showed.
The poll, conducted from September 15 to 23 among 1,500 Filipino adults, found adult joblessness at 22% or around9.8mn adults.
This was 2.3 points higher than the 19.7% or 8.6mn adults in June, but 1.8 points below the 23.9% (10.9mn) in March, according to SWS.
Of the 22% in September, SWS said 9.2% or 4.1mn adults were retrenched, 8.4% or 3.7mn left their old jobs, and 4.4% or2mn were first-time job seekers.
'The 9.2% who were retrenched consisted of 6.6% whose previous contracts were not renewed, 1.6% who were laid off, and 1.0% whose employers closed operations, the polling firm said.
It said optimism that there will be more jobs fell by eight points, from 47% in June to 39% in September, while pessimism that there will be fewer jobs rose by one point from 15% to 16%.
The same survey also found the adult labour force participation rate at 69.3%, or an estimated 44.4mn adults.
'This is a 1.0-point increase from the 68.3% (estimated 43.8mn adults) labour force participation rate in June 2018, SWS added. The third quarter survey, using face-to-face interviews among 1,500 adults nationwide, had sampling error margins of + or - 3% for national percentages, + or 4% for Balance Luzon, and + or 6% each for Metro Manila, Visayas, and Mindanao.
MENAFN1011201800670000ID1097683620
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.