SWS: Joblessness dips, pessimism rises

from December 15, 2017 01:00 am to December 15, 2017 01:00 am

MANILA- Despite the decrease in joblessness among adults, more Filipinos believe there may be fewer jobs available in the country, a Social Weather Stations (SWS) survey showed.

The joblessness rate dipped to 18.9 percent or around 8.7 million adults in September, lower than the 22.2 percent or 10.5 million adults in June.

SWS said the figure is the lowest recorded joblessness rate since the 18.4 percent rating in September 2016.

Asked about their views on the job market for the next 12 months, more people said there may be fewer jobs.

Pessimism rose to 18 percent in September from 15 percent in June. Optimism also fell by a point to 45 percent from 46 percent.

A total of 27 percent meanwhile said there would be no change in job availability, lower than the 30 percent in June.

Joblessness among women fell from 31.5 percent in June to 26.5 percent in September while joblessness among men went down to 12.5 percent from 15.2 percent.

The proportion of first-time job seekers also dipped by 2.1 points, from 3.9 percent in June to 1.9 percent in September.

The polling firm's adult joblessness data refer to adults in the labor force which consists of those with jobs at present, and those without jobs at present and are looking for jobs.

The survey was conducted from September 23 to 27 using face-to-face interviews of 1,500 adults aged 18 years old and above.