Visayas registers 96.3% employment rate in January 2018
March 23, 2018
TACLOBAN CITY –
Employment rate in Eastern Visayas in January 2018 was estimated at
96.3%, ranking fifth among the regions with high employment rate in
the country. This figure is higher than the 93.6% ER recorded in
January 2017. Employment rate is the proportion of employed persons
to total labor force.
Out of the estimated 3.1
million population 15 years old and over in January 2018, about 1.9
million were economically active or in the labor force. This number
translates to a Labor Force Participation Rate (LFPR) of 61.6%. This
figure is 5.4 percentage points higher compared with the 56.2% LFPR
in the same period a year ago. Among the regions, Eastern Visayas
registered the fifth lowest 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 361
thousand. This is equal to an underemployment rate of 19.4%, lower
than the 23.2% recorded in the same period last year. The region had
the ninth highest underemployment rate in the country.
Meanwhile, about 71
thousand persons in the labor force were unemployed. This translates
to an unemployment rate of 3.7%, lower than the 6.4 percent rate
recorded in January 2017. Eastern Visayas ranked fifth 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 January