Friday, 20 April 2012

NSO: Bicol unemployment rate down 6.1% in 2011

LEGAZPI CITY: Unemployment rate in the Bicol region went down to 6.1%  in 2011 from 5.9% in 2010 based on the Annual Labor and Employment Estimates Survey for 2010 -11 conducted by the National Statistic Office in the region.

There were about 2.8 million unemployed Filipinos in 2011, 63 per cent of which or 1.772 million were males while 37 per cent or 1.042 million were females translating to about 700,000 more unemployed men than women.

On the other hand, the national employment rate estimate increased from 92.7 per cent in 2010 to 93 per cent in 2011.

Across regions, Cagayan Valley recorded the highest employment rate with 97.1 per cent, Zamboanga Peninsula with 96.8 per cent, the Autonomous Region of Muslim Mindanao or ARMM at 96.6 per cent, MIMAROPA and SOCCSKSARGEN both at 96.1 per cent and Northern Mindanao at 95.5 per cent.

In contrast, four regions registered employment rate lower than the annual national rate.
These are National capital Region as the lowest at 88.7 per cent, Calabarzon  at 90.3 per cent followed by Ilocos Region and Central Luzon both at 91.5 per cent.

For the Labor Force Participation Rate (LFPR) or the proportion of those in the labor force to the population aged 15 years old and above, Bicol region stayed at 64.4 per cent for 2011.

All over the Philippines, about 40 million were in the labor force or economically active out of the 61.9 million population aged 15 years old and above; this sums up to 64.6 percent LPFR for 2011.

Majority of the employed persons were wage and salary workers comprising 55.2 per cent of the total workers, 41.5 per cent of which work in private establishments and 8.2 per cent in government corporations.

About 30 per cent of the employed persons were self-employed workers without any paid employee while almost 4 percent were employers in family-operated business.

Meantime, the number of underemployed persons in 2011 increased to 19.3 per cent from 18.8 per cent in 2010. These persons are employed workers desiring for longer working hours or additional job aside from what they currently have.

The Bicol region recorded the highest underemployment rate since 2010 although the rate inched down by 1.4 per cent from 36.8 per cent in 2010 to 35 per cent. - PIA

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