work4pinoy start page
 
 
  January 14, 2012: Jobless rate down to 7% as labor force hits 40M

The number of Filipinos without jobs settles at 2.814 million in 2011 when the labor force breached the 40-million mark, according to the Bureau of Labor and Employment Statistics (BLES).
BLES data show that with 40.005 million economically active Filipinos – those who are at least 15 years old and are available for work – the unemployment rate in 2011 average 7 percent, improving from 7.4 percent in the previous year.
The difference represents a decrease of 45,000 from the 2.859 million jobless in 2010. BLES attributed the improvement to the growth in job creation outpacing in the growth in the labor force.
Job-generation grew faster in 2011 at 3.2 percent year-on-year with 1.156 million (exceeding the one-million targets) added to the roster of the employed. In 2010, growth was pegged at 2.8 percent with 974,000 new jobs.
As for the unemployed, half, or 1.4 million, were aged 15-24 years. Also three out of five of the jobless are men.
Compared to the national average, unemployment was higher in the National Capital region (11.3 percent), Calabarzon (9.7 percent), and Central Luzon and Ilocandia (both at 8.5 percent).
“Correspondingly, the labor force participation rate (LFPR) was up to 64.6 percent from 64.1 percent” the previous year,” BLES said.
The LFPR takes into account the size of the labor force against the total number of working-age Filipinos or those 15 year and older.
In 2011, the working-age population was pegged at 61.88 million compared to 60.72 million in 2010. The number of Filipinos without jobs settles at 2.814 million in 2011 when the labor force breached the 40-million mark, according to the Bureau of Labor and Employment Statistics (BLES).
BLES data show that with 40.005 million economically active Filipinos – those who are at least 15 years old and are available for work – the unemployment rate in 2011 average 7 percent, improving from 7.4 percent in the previous year.
The difference represents a decrease of 45,000 from the 2.859 million jobless in 2010. BLES attributed the improvement to the growth in job creation outpacing in the growth in the labor force.
Job-generation grew faster in 2011 at 3.2 percent year-on-year with 1.156 million (exceeding the one-million targets) added to the roster of the employed. In 2010, growth was pegged at 2.8 percent with 974,000 new jobs.
As for the unemployed, half, or 1.4 million, were aged 15-24 years. Also three out of five of the jobless are men.
Compared to the national average, unemployment was higher in the National Capital region (11.3 percent), Calabarzon (9.7 percent), and Central Luzon and Ilocandia (both at 8.5 percent).
“Correspondingly, the labor force participation rate (LFPR) was up to 64.6 percent from 64.1 percent” the previous year,” BLES said.
The LFPR takes into account the size of the labor force against the total number of working-age Filipinos or those 15 year and older.
In 2011, the working-age population was pegged at 61.88 million compared to 60.72 million in 2010.

Source: Philippine Daily Inquirer - January 14, 2012

Jobs + Resumes

Today Philippines:

0 job ads

Today international:

3245038 job ads
6 resumes

NEWS

March 7, 2020
Huge job losses seen due to COVID-19 ..... [more]

March 6, 2020
Underemployment down in January ..... [more]

March 4, 2020
Concentrix hiring 6,000 more workers ..... [more]

CONTACT