SWS: Joblessness drops in NCR, Balance Luzon; increases in VisMin

The national Social Weather Survey of April 28–May 2, 2021, found adult joblessness at 25.8% of the adult labor force.

This is 1.5 points down from the 27.3% in November 2020 but still 8.3 points higher than the pre-pandemic level of 17.5% in December 2019.

The estimated numbers of jobless are 12.2 million in May 2021 and 12.7 million in November 2020.

SWS defines the Labor Force as adults (18 years and above) presently with a job plus those looking for a job. The Labor Force Participation Rate is the proportion of adults in the labor force.

The May 2021 survey found the Labor Force Participation Rate at 67.0%, or an estimated 47.5 million. It was 66.7% or an estimated 46.3 million in November 2020.

The jobless consist of those who (a) voluntarily left their old jobs, (b) are seeking jobs for the first time, or (c) their jobs due to economic circumstances beyond their control.

Joblessness reached a record-high 45.5% in July 2020. It eased to 39.5% in September 2020, 27.3% in November 2020, and 25.8% in May 2021.

The average joblessness rate for 2020 is a record-high 37.4%, surpassing the previous record average of 28.8% in 2012. The 2019 average was 19.8%.

Joblessness falls in Metro and Balance Luzon but rises in the Visayas and Mindanao

The 1.5-point decline in the national joblessness rate was due to decreases of 9 points in Balance Luzon and 7 points in Metro Manila, offset by increases of 10 points in the Visayas and 6 points in Mindanao.

Joblessness fell in Balance Luzon from 32.7% in November 2020 to 24.2% in May 2021.

It fell in from 37.8% in November 2020 to 30.8% in May 2021.

However, it rose in the Visayas, from 19.1% in November 2020 to 28.7% in May 2021.

It also rose in Mindanao, from 17.0% in November 2020 to 23.0% in May 2021.

Joblessness falls among the 25-to-34-year-olds

Unemployment fell among the 25-to-34-year-olds, from 33.6% in November 2020 to 24.6% in May 2021.

It fell slightly among the 18-to-24-year-olds, from 57.2% in November 2020 to 55.5% in May 2021.

It hardly changed among those 45 years old and above, from 18.0% in November 2020 to 18.2% in May 2021.

It rose slightly among the 35-to-44-year-olds, from 23.9% in November 2020 to 25.6% in May 2021.

As in past surveys, the joblessness rate remains highest among the 18-24-year-olds among all age groups.

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