The number of unemployed Filipino citizens grew to 5 percent, thus showing a slight surge from last year’s percentage, according to the October 2017 Labor Force Survey (LFS).
Conducted quarterly by the Philippine Statistics Authority (PSA), the recent LFS revealed a 0.3 percent increase in unemployment from last year’s 4.7 percent. The current data equates to 2.2 million Filipinos out-of-work.
Consequently, the employment rate saw a slight decrease, falling to 95 percent from 2016’s 95.3 percent.
Despite those declines, there were also positive results. One of those is the number of salaried laborers and stable-waged workers which grew by 624,000 more.
The underemployment rate also lowered to 15.9 percent from last year’s 18 percent, displaying a 2.1 percent decrease in the number of underused workers.
In a statement, Socioeconomic Planning Secretary Ernesto Pernia said that these figures on underemployment and waged workers “indicate improvement in the quality of employment in the country”.
He also credited the development of the underemployment statistics, particularly in areas outside Metro Manila, to frequent job fairs and livelihood assistance that were made available to citizens.
According to him, “this is a good indicator that our efforts in the lagging regions are starting to take effect”.
The National Economic Development Authority (NEDA) also necessitated the implementation of policies and measures that would amplify the participation of women in the labor force: the Responsible Parenthood and Reproductive Health Law, enhanced child care services access, work-life balance policies, re-training services for workforce returnees, improvement of maternal and paternal benefits, and better access to entrepreneurial chances.