Employment rate eases slightly in Jan.

  • Page Views 252
  • The number of employed Filipinos decreased in January this year due to the recent typhoons that affected the agriculture sector, the National Economic and Development Authority’s (NEDA) said yesterday.

    Based on the January 2017 Labor Force Survey (LFS) of the Philippine Statistics Authority, the country’s employment rate declined to 93.4 from 94.3 percent a year ago, translating to 39.3 million employed Filipinos, which is 1.34 million or 3.3 percent lower than in January 2016. Inversely, unemployment rate rose slightly to 6.7 percent last January from 6.6 percent in January 2016.

    “We mainly observe the employment losses in the agriculture sector, which has been greatly affected by typhoons Nina and Auring that hit our country last December and January,” Socioeconomic Planning Secretary Ernesto M. Pernia said in a statement.

    He noted that the agriculture sector accounts for the second largest share of total employed at 25.5 percent, which has shed an estimated 882,000 workers or two-thirds of the employment losses.

    “The government must focus interventions to diversify the sources of income of our workers in the agriculture sector, increase labor participation of women, and address youth unemployment and underutilization,” Pernia added.

    On the other hand, underemployment, which refers to those who are working but wanted more work, improved to 16.3 percent or 1.6 million workers lower from last year’s 19.7 percent. This is lowest rate recorded for all LFS January rounds since 2006.

    Meanwhile, the unemployment rate in the country increased to 6.6 percent in January 2017 from last year’s 5.7 percent. While higher than the previous year, it is lower than the average of 7.4 percent recorded from 2006-2015.

    The increase in unemployment rate is also partly due to the temporary election-related jobs. This was also observed in January 2011, a year that followed the 2010 elections.

    Also, the increase in unemployed Filipinos came from those with elementary education only (+128,000), followed by those with high school education (+88,000).

    Youth and adult unemployment rates also went up to 15.6 percent and 4.8 percent, respectively, but the bulk of the increase in the unemployed came from adult workers (181,000).

    “The prospects for job generation may be enhanced with the long pipeline of infrastructure projects for implementation on a 24/7 work mode basis under the current administration,” Pernia said.

    According to Pernia, given that several of these projects are going to be foreign-funded, the government must see to it that foreign contractors are made to agree to also recruit technical and blue-color workers who are available in our domestic labor market.

    “Critical interventions to address youth unemployment are enumerated in the Philippine Development Plan 2017-2022, particularly to reduce the number of the youth who are neither studying nor employed nor in training,” Pernia said.

    He noted that scholarships and strengthening of linkages with vocational and technical schools and state universities/colleges offering TVET programs will provide access to a greater number of trainees.

    “Policy and regulatory changes can also adversely affect employment. Government must continue skills development and retooling programs through continuing education and training for the affected workers, and adjust policies where warranted,” Pernia said.(C.S. Leyco, mb.com)

    Share

    New Posts Recently publish post More

    • 26 September 2017
      28 mins ago No comment

      Mother! (PG)

      There will be blood. Prepare for the onslaught of hell in Mother!  Bring out the smelling salts for this macabre tale of horror from Paramount Pictures now drawing first blood at select Cineplex Theatres around B.C.  By all accounts lock up your first born. Moves are traumatic experiences for ...

    • 26 September 2017
      1 hour ago No comment

      American Assassin (PG)

      Lone Wolf! Love is supposed to last. When a newly married couple fall prey to bad people things spiral out of control. Sweet revenge is the theme that drives the emotions in American Assassin. Perfect for the times is this rah rah expression from EOne Entertainment  now making waves ...

    • 26 September 2017
      2 hours ago No comment

      Original Pilipino Music (OPM) is Still Vital Today

      Is Original Pilipino Music (OPM) still vital in 2017? It’s been almost 40 years since the golden age of Pinoy music peaked in the late 1970s and times have changed in the local music scene. So get ready as we rewind the soundtrack of our lives and reminisce with ...

    • 26 September 2017
      4 hours ago No comment

      Luis Manzano hosts the mystery music game show “I Can See Your Voice”

      One of the Philippines’ most sought-after premier talent “I Can See Your Voice”, the local adaptation of the popular Korean game show, will be seen outside the Philippines via TFC starting September 16, with its pilot episode streaming simulcast its Philippine airing via TFC online (TFC.tv) in key countries ...

    • 25 September 2017
      14 hours ago No comment

      Philippine restaurant chain Max’s expands presence in Canada

      The leading casual dining chain in the Philippines, Max’s Group Inc. (MGI), is expanding its business in Canada. There is a new deal to set up a new shop in Winnipeg, the capital city of the province of Manitoba, by next year. “Existing stores are doing well. Customers also ...

    %d bloggers like this: