SWS Survey: About 27.3 million Filipinos are unemployed amid COVID-19 crisis

- Based on a survey conducted by the Social Weather Stations, millions of Filipinos are jobless as of July 2020

- The unemployment rate hits a record-high of 45.5% as of last month due to the COVID-19 crisis

- Almost half of all Filipino adults or more than 27 million Filipino adults are currently jobless

- Meanwhile, 43.5% of residents in Metro Manila are also unemployed amid the crisis

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In a recent survey conducted by the Social Weather Stations (SWS), almost half of all Filipino adults have no jobs amid the COVID-19 crisis.

KAMI learned that SWS conducted a national mobile phone survey from July 3 to 6, 2020.

In a report by ABS-CBN News, the unemployment rate in the country hits a record-high of 45.5% as of July. This means that around 27.3 million Filipino adults are currently jobless.

“This is a 28-point increase from 17.5 percent in December 2019, and a new record-high since the 34.4 percent in March 2012,” SWS said.

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It was also reported that in Metro Manila, about 43.5% of the residents lost their job in July. Meanwhile, a 45.2% unemployment rate was recorded in the rest of Luzon.

It is indicated in the result that those who are jobless consist of those who voluntarily left their old jobs, seeking jobs for the first time, and lost their jobs due to economic circumstances that are beyond their control.

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Indeed, millions of Filipinos lost their jobs and livelihood amid the COVID-19 crisis. Many shops, restaurants, and establishments were also forced to close because of the pandemic.

In an earlier report by KAMI, Jollibee Foods Corp., one of the biggest companies in the country, is planning to close its 255 stores as it suffers billions of net loss this year.

The Bureau of Treasury also revealed that the national government has a growing debt of P9.05 trillion as of June.

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Source: KAMI.com.gh