Did you know that employment figures improved in April (2019) and that more people had better job opportunities this year compared with April of 2018?
The Philippine Statistics Authority (PSA) recently reported the employment rates and it is encouraging to know that some 74,000 Filipinos landed jobs in the second quarter of this year. Good news, eh?
We summarized the rest of the employment statistics for better appreciation. Read on below:
More men are unemployed than women.
- Of the total unemployed persons, 62.7% are men, 37.3% are women.
- 43.8% are from the 15 to 24-year-old age group
- 30.9% are from the 25 to 34-year-old age group.
Among the unemployed persons in April 2019, 23.8% are college graduates, 10.7% are college undergraduates, and 26.4% completed junior high school.
Regions with the most number of unemployed residents:
- ARMM – 9%
- NCR – 6.3%
- Ilocos Region – 5.9%
- Bicol – 5.8%
Regions with the highest employment rates:
- Cordillera Administrative Region – 97.1%
- Cagayan Valley – 97%
- Davao Region – 96.9%
- Caraga – 96%
Workers were grouped into three broad sectors:
- The services sector – 58.5%
- Agriculture – 22.3%
- Industry – 19.7%
Employed persons fall into any of these categories:
- Wage and salary workers – those who work in for private households, private establishments, government or government-controlled corporations, and those who work with pay in own family-operated farm or business. They make up 63.3% of the total employed population.
- Self-employed workers without any paid employee – 27.6% of the total employed in April 2019.
- Employers in own family-operated farm or business
- Unpaid family workers – 6.4% of the total employed in April 2019.
Of the total employed persons in April 2019, 67.6% are full-time workers or those that work for 40 hours or during the reference week while 31.3% are part-time workers or those that work less than 40 hours per week.
Underemployed individuals are those that are employed but are still actively looking for other opportunities to make ends meet.
- Underemployed individuals comprise 13.5% of the total workforce.
- Underemployed persons who work for less than 40 hours in a week accounted for 60% of the total underemployed in April 2019. This number is higher than the 52.6% that registered in the same month last year.
Labor Force Participation Rate
This is the number of people that are available for work as a percentage of the total population. According to the PSA’s report, this is at 61.4% this year; a lot more impressive than last year’s 60.9% or January 2019’s 60.2%.
For more information on Philippine statistics, visit the PSA website www.psa.gov.ph and click on Statistics.