Eastern Visayas posts 95.5-per­cent job rate

Manila Bulletin - - Visayas News - By RESTITUTO A. CAYU­BIT

TA­CLOBAN CITY – Eastern Visayas had a 95.5 per cent em­ploy­ment rate in 2016, the Philip­pines Sta­tis­tics Au­thor­ity (PSA) re­gional of­fice 8 here re­ported.

Wilma A. Per­ante, PSA re­gional di­rec­tor, said the 2016 em­ploy­ment rate rose slightly from the 94.6 per­cent in 2015, mak­ing Eastern Visayas the No. 6 re­gion in terms of em­ploy­ment rates.

The em­ploy­ment rate is the pro­por­tion of em­ployed per­sons to the to­tal la­bor force.

Out of the es­ti­mated 3.0 mil­lion Filipinos who are over 15 years old in 2016, about 1.9 mil­lion were eco­nom­i­cally ac­tive or in the la­bor force.

Per­ante said the num­ber trans­lates to an an­nual La­bor Force Par­tic­i­pa­tion Rate (LFPR) of 62.1 per­cent. “In the pre­vi­ous year, the LFPR was 62.8 per­cent. Among the re­gions, Eastern Visayas reg­is­tered the third low­est an­nual LFPR and sits at par with Cen­tral Lu­zon,” she said.

The num­ber of un­der­em­ployed per­sons – de­fined as those em­ployed per­sons who want 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 512,000.

This trans­lates to an un­der­em­ploy­ment rate of 28.3 per­cent, which is lower than the 31.7 per­cent recorded a year ago. The re­gion had the third high­est un­der­em­ploy­ment rate in the coun­try, Per­ante added.

About 85,000 per­sons in the la­bor force were un­em­ployed, trans­lat­ing to an un­em­ploy­ment rate of 4.5 per­cent, which is lower than the 5.4 per­cent rate in 2015. “Eastern Visayas ranked sixth among the re­gions with low em­ploy­ment rate and posted equal rate with Cordillera Ad­min­is­tra­tive Re­gion,” Per­ante said.

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