rate down to 4.2% in 2018
January 28, 2019
TACLOBAN CITY Ė The
unemployment rate in Eastern Visayas slightly decreased to 4.2% in
2018 from 4.4% in 2017, ranking sixth among the regions with low
employment rate in the country (Table 1).
Unemployment rate is the
proportion of unemployed persons to total labor force. Considered
unemployed persons are persons in the labor force who are reported
as without work; and currently available for work; and seeking work
or not seeking work due to the following reasons: a) belief that no
work is available, or b) awaiting results of previous job
application, or c) because of temporary illness or disability, or d)
weather, or e) waiting for rehire or job call.
Out of the estimated 3.2
million population 15 years old and over in 2018, about 1.9 million
were economically active or in the labor force. This number
translates to Labor Force Participation Rate (LFPR) of 61.2% in
2018. This figure is 0.9 percentage point higher compared to the
previous yearís LFPR of 60.3%. Among the regions, Eastern Visayas
registered sixth lowest LFPR and sits at par with Western Visayas.
About 1.8 million persons
in the labor force were employed. This translates to an employment
rate of 95.8%, slightly higher than the 95.6% employment rate
recorded in 2017. Employment rate is the proportion of employed
persons to total labor force.
The underemployed persons
or those employed persons who express 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 was estimated at 396
thousand. This is equal to an underemployment rate of 21.4%, lower
than the 22.6% recorded a year ago. The region had the fourth
highest underemployment rate in the country.
The preliminary results of
the labor and employment estimates for the year are based on the
average of the final results of the January and April rounds of the
2018 LFS and preliminary results of the July and October 2018 LFS