The latest Labor Force Survey (LFS) from the National Statistics Office as well as the Employment and Economic Milestones Report from the Department of Labor and Employment – Bureau of Labor and Employment Statistics (BLES) revealed the latest employment, underemployment and unemployment status of the Philippines.
Based on the April 2010 LFS report, the country's employment rate is at 92.0 percent, slightly lower than the 92.7 percent rate posted in the January LFS report. This places the number of employed Filipinos to 35.4 million, compared to the 36.0 million in January of 2010.
Similar to the last LFS, the National Capital Region posted the lowest employment rate, with 88.2 percent. However, this is lower compared to the January 2010 result, posted at 89.2 percent.
Underemployment, on the other hand decreased from 7.1 million in January to 6.3 million. Underemployed means an employed person expresses 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.
The latest unemployment rate, was higher compared to the January 2010 result. The recent LFS showed that the number of unemployed Filipinos is estimated to be 3.1 million, compared to last year's 2.8 million. This is also the same figure as the January 2010 LFS. This placed the current unemployment rate at 8.0 percent which is not significantly different from last year's estimate of 7.5 percent.
On the other hand, based on the Employment and Economic Milestones Report, the country's employment rate from 1998 to 2009 grew at a much slower pace than the Gross Domestic Product (GDP). In addition, its movements overtime was not in sync with the growth of the GDP instead followed a “boom and bust” pattern.
The said pattern happened due to the effects of economic downturn and the weather disturbances that struck the land. The economic slowdown also resulted in the decline of full-time employment and increase in the number of part-time workers.
“Between 2008 and 2009 for instance, employment grew by 2.9% despite the slowdown in GDP growth to 1.1%. But the growth in employment occurred almost entirely among part-time workers (8.4%) while full-time employment actually fell (-0.5%). Similar situations also occurred in the 1998 recession and
the slowdown in 2001.The exception is the year 2006 when part-time employment grew and full-time employment fell despite the respectable growth in GDP posted that same year.”, the report said. GPD for 2006 was at 5.3 percent.
In contrast to the employment pattern movement, unemployment rate showed very little changes over the past decade. The BLES report stated, “The absence of a noticeable movement in the unemployment data series in comparison with the observed trend in GDP and employment suggests that unemployment as an indicator is less sensitive to the developments in the economy and labor market”.
Based on the April 2010 LFS report, the country's employment rate is at 92.0 percent, slightly lower than the 92.7 percent rate posted in the January LFS report. This places the number of employed Filipinos to 35.4 million, compared to the 36.0 million in January of 2010.
Similar to the last LFS, the National Capital Region posted the lowest employment rate, with 88.2 percent. However, this is lower compared to the January 2010 result, posted at 89.2 percent.
Underemployment, on the other hand decreased from 7.1 million in January to 6.3 million. Underemployed means an employed person expresses 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.
The latest unemployment rate, was higher compared to the January 2010 result. The recent LFS showed that the number of unemployed Filipinos is estimated to be 3.1 million, compared to last year's 2.8 million. This is also the same figure as the January 2010 LFS. This placed the current unemployment rate at 8.0 percent which is not significantly different from last year's estimate of 7.5 percent.
On the other hand, based on the Employment and Economic Milestones Report, the country's employment rate from 1998 to 2009 grew at a much slower pace than the Gross Domestic Product (GDP). In addition, its movements overtime was not in sync with the growth of the GDP instead followed a “boom and bust” pattern.
The said pattern happened due to the effects of economic downturn and the weather disturbances that struck the land. The economic slowdown also resulted in the decline of full-time employment and increase in the number of part-time workers.
“Between 2008 and 2009 for instance, employment grew by 2.9% despite the slowdown in GDP growth to 1.1%. But the growth in employment occurred almost entirely among part-time workers (8.4%) while full-time employment actually fell (-0.5%). Similar situations also occurred in the 1998 recession and
the slowdown in 2001.The exception is the year 2006 when part-time employment grew and full-time employment fell despite the respectable growth in GDP posted that same year.”, the report said. GPD for 2006 was at 5.3 percent.
In contrast to the employment pattern movement, unemployment rate showed very little changes over the past decade. The BLES report stated, “The absence of a noticeable movement in the unemployment data series in comparison with the observed trend in GDP and employment suggests that unemployment as an indicator is less sensitive to the developments in the economy and labor market”.
Trabaho.com. thanks its following sources:
National Statistics Office Press Release. Employment Rate Registered at 92.0 Percent
in April 2010 (Posted June 15, 2010) Retrieved June 15, 2010 from
http://census.gov.ph/data/pressrelease/2010/lf1002tx.html
Employment and Economic Milestones: 1998 – 2009 (Vol. 14 No. 35) (in .PDF format) Retrieved June 15, 2010 from
http://www.bles.dole.gov.ph/LABSTAT/Vol14_35.pdf
Lopez, Virgil, Sun.Star Network Online. Jobless Pinoys hit 3.1 million (Posted June 15, 2010) Retrieved June 15, 2010 from
http://www.sunstar.com.ph/network/jobless-pinoys-hit-31-million-212-pm
abs-cbnnews.com. Jobless rate hits 2-yr high in April (Posted June 15, 2010) Retrieved June 15, 2010 from
http://www.abs-cbnnews.com/business/06/15/10/jobless-rate-hits-2-yr-high-april
Jaymalin, Mayen, The Philippine Star. GMA failed to bring down unemployment rate - DOLE data. (Posted June 15, 2010) Retrieved June 15, 2010 from
http://www.philstar.com/Article.aspx?articleId=584440&publicationSubCategoryId=63
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