Eastern Visayas posts 95.5-percent job rate
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.