A Social Weather Stations (SWS) survey has shown that the unemployment rate declined to 24.7% in the fourth quarter of 2021. The survey was held from December 12 to 16, 2021.
In December 2021 the number of jobless Filipinos declined to 11 million.
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This is the “lowest” adult joblessness rate since the 17.5 percent in the same period in 2019 less from 24.8 percent or 11.9 million in September 2021.
Face-to-face interviews of 1,440 adults aged 18 and above nationwide were carried out in the survey.
The country’s labor force participation rate was 62.8 percent, or an estimated 44.5 million.
