MANILA, Philippines – The number of jobless Filipinos soared by 22% in the third quarter of the year, based on the latest survey of the Social Weather Stations (SWS).
The figure is higher by 2.3 points in comparison with the results of the survey in June.
The results revealed that 9.2% or 4.1M were retrenched due to recession or cost cutting by companies; 8.4% or 3.7M voluntarily left their old jobs; while 2M were first-time job seekers.
The rate is higher in Metro Manila with 26.4% followed by Balance Luzon with 22.9%, Mindanao with 19.7% and Visayas with 19.6%.
Meanwhile, the number of Filipinos who believe there will be more job opportunities in the Philippines in the next 12 months dropped, according to the survey.
Malacañang, meanwhile, seriously considers the results of the survey while it “continuously finding ways to improve the local employment situation.”
Likewise, Presidential Spokesperson Salvador Panelo said the government is confident that this concern will be immediately addressed.
“We are likewise developing our human resources, and with the designation of Mr. Isidro Lapena as Director-General of the Technical Education and Skills Development Authority (TESDA) we are confident that he can contribute in our employment targets by improving industry-relevant competencies of our youth, especially unutilized, unemployed, and underemployed school dropouts, and increase their opportunities for work experience through skills training,” Panelo said in a statement Sunday (November 11). – Marje Pelayo (with reports from Rosalie Coz)