registers 14.3% unemployment rate in April 2020
June 26, 2020
TACLOBAN CITY –
Amidst the COVID-19 pandemic scare, about 251 thousand persons in
Eastern Visayas labor force were unemployed in April 2020. This
translates to a double-digit unemployment rate of 14.3 percent, or
10.3 percentage points higher than the 4.0 percent rate recorded in
April 2019. The region ranked fifth among 17 regions with low
unemployment rate in the country.
Meanwhile, employment rate
(ER) in April 2020 was estimated at 85.7 percent, making it the
fifth among regions with high employment rate in the country (Table
1). This figure is 10.3 percentage points lower than the 96.0
percent ER recorded in April 2019. Employment rate is the proportion
of employed persons to the total labor force.
The underemployed 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 328 thousand in
April 2020. This figure translates to an underemployment rate of
21.8 percent, higher than the 18.6 percent recorded in the same
period last year. The region recorded the eighth highest
underemployment rate in the country.
Out of the estimated 3.1
million population 15 years old and over in April 2020, about 1.7
million were economically active or in the labor force. This number
translates to a Labor Force Participation Rate (LFPR) of 56.2
percent. This figure is 5.2 percentage points lower compared with
the 61.4 percent LFPR in the same period a year ago. Eastern Visayas
registered the eighth highest LFPR among regions.
Data were based on the
preliminary estimates released by the Philippine Statistics
Authority from the April 2020 LFS round.