registers 95.4% employment rate in April 2018
June 18, 2018
TACLOBAN CITY –
Employment Rate (ER) in Eastern Visayas in April 2018 was estimated
at 95.4%, ranking fourth among the regions with high employment rate
in the country (Table 1). This figure is lower than the 96.2% ER
recorded in April 2017. Employment rate is the proportion of
employed persons to total labor force.
Out of the estimated 3.2
million population 15 years old and over in April 2018, about 2.0
million were economically active or in the labor force. This number
translates to a Labor Force Participation Rate (LFPR) of 63.2%. This
figure is 1.0 percentage point lower compared with the 64.2% LFPR in
the same period a year ago. Among the regions, Eastern Visayas
registered the fourth highest LFPR.
The underemployed persons
or those employed persons who express the desire to have additional
hours of work in their present job or to have additional job, or to
have a new job with longer working hours was estimated at 452
thousand. This is equal to an underemployment rate of 23.8%, lower
than the 24.0% recorded in the same period last year. The region had
the third highest underemployment rate in the country.
Meanwhile, about 92
thousand persons in the labor force were unemployed. This translates
to an unemployment rate of 4.6%, higher than the 3.8% rate recorded
in April 2017. Eastern Visayas ranked fourth among the regions with
low employment rate.
Data were based on the
preliminary estimates released by the Philippine Statistics
Authority from the Labor Force Survey (LFS) conducted in April 2018.