GENERAL CITY OF SANTOS – The number of people employed in region 12 (Soccsksargen) increased slightly in 2018 as industries and businesses in the region remained resilient despite the volatile inflation rate, an official said.
Matahari Manulon, director of the Philippine Statistics Authority (PSA) 12, said on Wednesday that the region had an employment rate of 96.1% last year, up from 96% in 2017.
Last year, the region’s unemployment rate stood at 3.9%, up from 4% in 2017, Manulon said.
He said the employment rate increased as the region’s employable population aged 15 and over rose to 3.15 million last year from 3.08 million the year before.
âThe region’s employment rate was the third highest in the country over the past two years and consistently higher than the national average,â Manulon said in a report.
Region 11 (Davao region) had the highest employment rate of 97 percent in 2018, followed by Muslim Mindanao Autonomous Region with 96.3 percent. The national average was 94.7%.
In terms of underemployment rate, Manulon said the region improved to 17% in 2018, down from 17.9% the year before.
PSA defines underemployed as “employed persons who express a desire to have additional hours of work in their current job, or to have an additional job, or to have a new job with longer working hours. “.
However, he said the region’s labor force participation rate, the proportion of the population aged 15 and over that contributes to the production of goods and services, fell to 61.7% in the year. last against 62.2% in 2017.
He said that figure was based on preliminary results of annual labor and employment estimates for 2018 on the average of four rounds of labor force surveys conducted in January, April. , July and October.
About 43.5 million people in the country were in the labor force last year, including 1.9 million, or about 4.5 percent, from Soccsksargen, he said.
The service sector posted the highest number of people employed at 56.6 percent, followed by agriculture at 24.3 percent and industry at 19.1 percent. (ANP)