Adult joblessness ‘hardly moved’ in last quarter of 2022 — SWS

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Adult joblessness ‘hardly moved’ in last quarter of 2022 — SWS
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A nationwide survey conducted by the Social Weather Stations (SWS) found that adult joblessness was at 21.3 percent of the labor force in the last quarter of 2022.

A nationwide survey conducted by the Social Weather Stations found that adult joblessness was at 21.3 percent of the labor force in the last quarter of 2022.

SWS defines labor force as adults, 18 years and above, presently with a job plus those looking for a job. SWS pointed out that compared to 2021, the annual average joblessness fell from 35 percent in Metro Manila, 27.8 percent in Balance Luzon, and 22.5 percent in the Visayas. However, it stayed at 19 percent in Mindanao.As of December 2022, SWS said that joblessness stayed higher among women at 29.7 percent than among men at 15.2 percent.

It also noted that as in past surveys, the joblessness rate remains highest among the youngest age group. “Compared to 2021, the annual average joblessness fell from 54 percent among the 18-to-24-year-olds, 30.5 percent among the 25-to-34-year-olds, 22 percent among the 35-to-44-year-olds, and 18 percent among those 45 years old and above.In the December 2022 survey, SWS also found that joblessness hardly varied by locale. It was 23.3 percent in urban areas and 21.2 percent in rural areas.

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